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: Gate against BingX−0.215%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1511.515% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.215%, 7d avg −0.024%

Together, before fees+0.050%+$5 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 0.191% cheaper against BingX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TUT-USDT	0.02284	0.0100	pay 0.0050% / 4h	2h 32m	—	$2.3M	—
Short	Gate TUT_USDT	0.02279	0.0100	get 0.0050% / 4h	2h 32m	$690K	$806K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.215%Rate

Funding earned: $0
Price spread: −0.215% → −0.024%: −$19.08
Slippage, 4 orders: −$126.46
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$170.54
Costs to cover: 1.515%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Gate: live order book, 15 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, 2 min ago	6.60 bp	25.1 bp −$25	62.5 bp −$625	812.1 bp −$81.2K	doesn't fit
Sell Gate live order book, 15 min ago	8.25 bp	58.0 bp −$58	87.7 bp −$877	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	−0.0162%	4h	0.02280	−0.170%	$242K	$50K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02280	−0.167%	$6.7M	$13.3M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02281	−0.114%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDTshort	+0.0100%	4h	0.02279	−0.215%	$690K	$806K	10x
MEXC TUT_USDT	+0.0100%	4h	0.02280	−0.175%	$2.2M	$618K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02278	−0.263%	$1.8M	$599K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02280	−0.175%	$6.3M	$1.7M	10x	as long as short
BingX TUT-USDTlong	+0.0100%	4h	0.02284	long leg	—	$2.3M	—
HTX TUT-USDT	+0.0100%	4h	0.02264	−0.876%	$40K	$231K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02275	−0.409%	$409	—	5x	as long as short