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

TUT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Binance−0.044%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$800.798% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.427%+$43 on $10k
Price spread, last 7 days+0.106%+$11 · spread now −0.044%, 7d avg +0.025%
Together, before fees+0.533%+$53 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.069% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TUTUSDT0.022630.0100pay 0.0050% / 4h8m 09s$6.6M$12.3M10x
ShortBingX TUT-USDT0.022620.0102get 0.0051% / 4h8m 09s$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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
$0.42
Price spread: −0.044% → +0.025%
−$6.94
Slippage, 4 orders
−$59.8
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$86.32
Costs to cover
0.798%
Break-even
1445.7 days
Slippage from Binance: live order book, 2 min ago; BingX: live order book, 11 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 Binance live order book, 2 min ago2.22 bp21.3 bp −$21144.4 bp −$1,444doesn't fitdoesn't fit
Sell BingX live order book, 11 min ago4.41 bp21.1 bp −$2157.1 bp −$571668.7 bp −$66.9Kdoesn'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 TUTUSDT−0.0188%4h0.02263−0.020%$240K$46K10xas long as short
Binance TUTUSDTlong+0.0100%4h0.02263long leg$6.6M$12.3M10x
Gate TUT_USDT+0.0100%4h0.02261−0.097%$678K$746K10xas long as short
MEXC TUT_USDT+0.0100%4h0.02262−0.044%$2.2M$605K100xas long as short
KuCoin TUTUSDTM+0.0100%4h0.02262−0.044%$1.8M$578K10xas long as short
Bitget TUTUSDT+0.0100%4h0.02262−0.044%$6.2M$1.4M10xas long as short
HTX TUT-USDT+0.0100%4h0.02250−0.574%$39K$228K10xas long as short
Bybit TUTUSDT+0.0101%4h0.02265+0.071%$1.5M$1.1M5xas long as short
BingX TUT-USDTshort+0.0102%4h0.02262−0.044%$2.3M
Extended TUT-USD+0.0104%1h0.02262−0.048%$4065xas long as short