Funding arb · Price arb /

TUT

all TUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BingX−0.132%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$960.964% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.281%−$28 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.132%, 7d avg −0.037%

Together, before fees−0.237%−$24 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: Bitget is 0.095% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TUT-USDT	0.02270	0.0100	pay 0.0050% / 4h	2h 33m	—	$2.3M	—
Short	Bitget TUTUSDT	0.02267	0.0100	get 0.0050% / 4h	2h 33m	$6.2M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.037%: −$9.49
Slippage, 4 orders: −$74.44
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$105.93
Costs to cover: 0.964%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bitget: live order book, 5 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, 6 min ago	6.65 bp	22.1 bp −$22	79.2 bp −$792	951.7 bp −$95.2K	doesn't fit
Sell Bitget live order book, 5 min ago	2.22 bp	27.0 bp −$27	130.7 bp −$1,307	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	−0.0176%	4h	0.02268	−0.102%	$240K	$45K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02268	−0.088%	$6.7M	$12.4M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02269	−0.040%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02270	−0.018%	$699K	$752K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02267	−0.132%	$2.2M	$585K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02269	−0.044%	$1.8M	$575K	10x	as long as short
Bitget TUTUSDTshort	+0.0100%	4h	0.02267	−0.132%	$6.2M	$1.5M	10x
BingX TUT-USDTlong	+0.0100%	4h	0.02270	long leg	—	$2.3M	—
HTX TUT-USDT	+0.0100%	4h	0.02263	−0.308%	$39K	$218K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02266	−0.159%	$408	—	5x	as long as short