Funding arb · Price arb /

TUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.042%7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1821.816% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.468%−$47 on $10k

Price spread, last 7 days+0.100%+$10 · spread now −0.042%, 7d avg +0.065%

Together, before fees−0.368%−$37 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: Bybit is 0.107% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TUTUSDT	0.02381	0.0100	pay 0.0050% / 4h	59m 02s	$7.2M	$14.6M	10x
Short	Bybit TUTUSDT	0.02380	0.0100	get 0.0050% / 4h	59m 02s	$1.6M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.065%: −$10.72
Slippage, 4 orders: −$160.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$192.31
Costs to cover: 1.816%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 11 min ago	2.13 bp	20.9 bp −$21	199.9 bp −$1,999	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.53 bp	74.7 bp −$75	doesn't fit	doesn't fit	doesn't fit

TUT on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TUTUSDT	−0.0024%	4h	0.02382	+0.043%	$272K	$154K	10x	as long as short
Binance TUTUSDTlong	+0.0100%	4h	0.02381	long leg	$7.2M	$14.6M	10x
Bybit TUTUSDTshort	+0.0100%	4h	0.02380	−0.042%	$1.6M	$1.3M	5x
Gate TUT_USDT	+0.0100%	4h	0.02381	−0.008%	$719K	$901K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02381	0.000%	$2.3M	$653K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02382	+0.042%	$1.9M	$663K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02379	−0.084%	$6.5M	$1.9M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02380	−0.042%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02368	−0.546%	$42K	$240K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02379	−0.070%	$428	—	5x	as long as short