Settings8H · net · $10k
Funding arb · Price arb /

TUT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0489%/8h= +53.5% APRnext payment +$2.44 per $10,000 · paid last 24h +0.075%
Price spread now: Bitget against Aster+0.147%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1231.227% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.588%+$59 on $10k
Price spread, last 4 days (all we have)−0.513%−$51 · spread now +0.147%, 7d avg +0.031%
Together, before fees+0.075%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Bitget is 0.117% dearer against Aster than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TUTUSDT0.02246−0.0389get 0.0194% / 4h56m 54s$238K$47K10x
ShortBitget TUTUSDT0.022490.0100get 0.0050% / 4h56m 54s$6.2M$1.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$102.63
Price spread: +0.147% → +0.031%
$11.65
Slippage, 4 orders
−$102.67
Fee Aster: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$8.39
Costs to cover
1.227%
Break-even
7.6 days
Slippage from Aster: live order book, 65 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 65 min ago8.85 bp33.4 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago2.23 bp25.8 bp −$26118.4 bp −$1,184doesn't fitdoesn't fit

TUT on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TUTUSDTlong−0.0389%4h0.02246long leg$238K$47K10x
Binance TUTUSDT+0.0100%4h0.02249+0.161%$6.6M$12.4M10xas long as short
Bybit TUTUSDT+0.0100%4h0.02251+0.236%$1.5M$1.2M5xas long as short
Gate TUT_USDT+0.0100%4h0.02244−0.084%$685K$718K10xas long as short
MEXC TUT_USDT+0.0100%4h0.02248+0.103%$2.1M$566K100xas long as short
KuCoin TUTUSDTM+0.0100%4h0.02247+0.058%$1.8M$565K10xas long as short
Bitget TUTUSDTshort+0.0100%4h0.02249+0.147%$6.2M$1.5M10x
BingX TUT-USDT+0.0100%4h0.02248+0.103%$2.3Mas long as short
HTX TUT-USDT+0.0100%4h0.02233−0.565%$39K$219K10xas long as short
Extended TUT-USD+0.0104%1h0.02248+0.087%$4045xas long as short