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: Binance against BingX−0.066%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$840.838% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.381%−$38 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.066%, 7d avg −0.025%

Together, before fees−0.349%−$35 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: Binance is 0.041% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TUT-USDT	0.02350	0.0100	pay 0.0050% / 4h	14m 45s	—	$2.3M	—
Short	Binance TUTUSDT	0.02348	0.0100	get 0.0050% / 4h	14m 45s	$7.1M	$15.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.025%: −$4.14
Slippage, 4 orders: −$63.75
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.89
Costs to cover: 0.838%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Binance: live order book, 11 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 BingX live order book, 9 min ago	4.24 bp	16.5 bp −$17	70.9 bp −$709	790.9 bp −$79.1K	doesn't fit
Sell Binance live order book, 11 min ago	2.12 bp	24.2 bp −$24	110.0 bp −$1,100	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	+0.0100%	4h	0.02348	−0.086%	$268K	$158K	10x	as long as short
Binance TUTUSDTshort	+0.0100%	4h	0.02348	−0.066%	$7.1M	$15.3M	10x
Bybit TUTUSDT	+0.0100%	4h	0.02351	+0.038%	$1.5M	$1.4M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02347	−0.111%	$709K	$974K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02348	−0.085%	$2.3M	$680K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02349	−0.043%	$1.9M	$718K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02350	0.000%	$6.5M	$2.1M	10x	as long as short
BingX TUT-USDTlong	+0.0100%	4h	0.02350	long leg	—	$2.3M	—
HTX TUT-USDT	+0.0100%	4h	0.02329	−0.894%	$41K	$244K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02348	−0.094%	$422	—	5x	as long as short