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: HTX against Binance−0.133%7-day average −0.435% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4,398as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4,367as in the Price arb table

costs, in and out, $10k−$4,39843.975% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.248%−$25 · spread now −0.133%, 7d avg −0.435%

Together, before fees−0.252%−$25 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: HTX is 0.303% dearer against Binance than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.435%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TUTUSDT	0.02280	0.0100	pay 0.0050% / 4h	2h 17m	$6.7M	$13.4M	10x
Short	HTX TUT-USDT	0.02277	0.0100	get 0.0050% / 4h	2h 17m	$40K	$232K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → −0.435%: $30.27
Slippage, 4 orders: −$4,375.52
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$4,367.26
Costs to cover: 43.975%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; HTX: live order book, 29 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, 8 min ago	2.21 bp	19.7 bp −$20	172.6 bp −$1,726	doesn't fit	doesn't fit
Sell HTX live order book, 29 min ago	50.40 bp	56.4 bp −$56	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	−0.0163%	4h	0.02277	−0.122%	$241K	$50K	10x	as long as short
Binance TUTUSDTlong	+0.0100%	4h	0.02280	long leg	$6.7M	$13.4M	10x
Bybit TUTUSDT	+0.0100%	4h	0.02281	+0.051%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02280	−0.019%	$687K	$815K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02280	−0.001%	$2.2M	$624K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02282	+0.086%	$1.8M	$601K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02281	+0.043%	$6.3M	$1.7M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02280	−0.001%	—	$2.3M	—	as long as short
HTX TUT-USDTshort	+0.0100%	4h	0.02277	−0.133%	$40K	$232K	10x
Extended TUT-USD	+0.0104%	1h	0.02279	−0.028%	$411	—	5x	as long as short