Funding arb · Price arb /

TUT

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Binance−0.097%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1511.511% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.097%, 7d avg +0.017%

Together, before fees+0.308%+$31 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: Gate is 0.115% 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 +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TUTUSDT	0.02263	0.0100	pay 0.0050% / 4h	8m 10s	$6.6M	$12.3M	10x
Short	Gate TUT_USDT	0.02261	0.0100	get 0.0050% / 4h	8m 10s	$678K	$746K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → +0.017%: −$11.47
Slippage, 4 orders: −$126.08
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$162.55
Costs to cover: 1.511%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Gate: live order book, 3 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, 2 min ago	2.22 bp	21.3 bp −$21	144.4 bp −$1,444	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.76 bp	57.0 bp −$57	82.2 bp −$822	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	−0.0188%	4h	0.02263	−0.020%	$240K	$46K	10x	as long as short
Binance TUTUSDTlong	+0.0100%	4h	0.02263	long leg	$6.6M	$12.3M	10x
Gate TUT_USDTshort	+0.0100%	4h	0.02261	−0.097%	$678K	$746K	10x
MEXC TUT_USDT	+0.0100%	4h	0.02262	−0.044%	$2.2M	$605K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02262	−0.044%	$1.8M	$578K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02262	−0.044%	$6.2M	$1.4M	10x	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02250	−0.574%	$39K	$228K	10x	as long as short
Bybit TUTUSDT	+0.0101%	4h	0.02265	+0.071%	$1.5M	$1.1M	5x	as long as short
BingX TUT-USDT	+0.0102%	4h	0.02262	−0.044%	—	$2.3M	—	as long as short
Extended TUT-USD	+0.0104%	1h	0.02262	−0.048%	$406	—	5x	as long as short