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: Bybit against BingX−0.026%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$345as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2602.598% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.849%−$85 on $10k

Price spread, last 7 days+0.006%+$1 · spread now −0.026%, 7d avg +0.039%

Together, before fees−0.842%−$84 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 0.065% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.039%.

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 32m	—	$2.3M	—
Short	Bybit TUTUSDT	0.02269	0.0100	get 0.0050% / 4h	2h 32m	$1.5M	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.039%: −$6.51
Slippage, 4 orders: −$238.79
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$266.3
Costs to cover: 2.598%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bybit: 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 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 Bybit live order book, 3 min ago	4.61 bp	106.3 bp −$106	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	−0.0176%	4h	0.02268	−0.079%	$240K	$45K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02271	+0.031%	$6.7M	$12.4M	10x	as long as short
Bybit TUTUSDTshort	+0.0100%	4h	0.02269	−0.026%	$1.5M	$1.2M	5x
Gate TUT_USDT	+0.0100%	4h	0.02269	−0.026%	$699K	$752K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02268	−0.088%	$2.2M	$585K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02270	0.000%	$1.8M	$575K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02269	−0.044%	$6.2M	$1.5M	10x	as long as short
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	0.02270	−0.006%	$408	—	5x	as long as short