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: KuCoin against BingX−0.045%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$421as in the Funding arb table

Net, price: spread back to 7d avg − costs−$406as in the Price arb table

costs, in and out, $10k−$4003.997% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 7 days+0.080%+$8 · spread now −0.045%, 7d avg +0.023%

Together, before fees−0.134%−$13 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: KuCoin is 0.068% 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 +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TUT-USDT	0.02244	0.0100	pay 0.0050% / 4h	1h 39m	—	$2.3M	—
Short	KuCoin TUTUSDTM	0.02243	0.0100	get 0.0050% / 4h	1h 39m	$1.8M	$572K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.023%: −$6.79
Slippage, 4 orders: −$377.67
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$406.46
Costs to cover: 3.997%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; KuCoin: live order book, 2 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	4.46 bp	16.9 bp −$17	59.6 bp −$596	773.1 bp −$77.3K	doesn't fit
Sell KuCoin live order book, 2 min ago	6.66 bp	271.6 bp −$272	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	−0.0303%	4h	0.02245	+0.053%	$238K	$47K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02243	−0.045%	$6.6M	$12.4M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02244	+0.022%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02243	−0.027%	$689K	$749K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02242	−0.089%	$2.1M	$585K	100x	as long as short
KuCoin TUTUSDTMshort	+0.0100%	4h	0.02243	−0.045%	$1.8M	$572K	10x
Bitget TUTUSDT	+0.0100%	4h	0.02243	−0.045%	$6.2M	$1.5M	10x	as long as short
BingX TUT-USDTlong	+0.0100%	4h	0.02244	long leg	—	$2.3M	—
HTX TUT-USDT	+0.0100%	4h	0.02235	−0.401%	$39K	$215K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02242	−0.071%	$404	—	5x	as long as short