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 Bitget−0.191%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$850.847% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 7 days+0.148%+$15 · spread now −0.191%, 7d avg +0.012%

Together, before fees+0.045%+$4 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 0.203% cheaper against Bitget than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TUTUSDT	0.02356	0.0100	pay 0.0050% / 4h	1h 08m	$6.5M	$1.9M	10x
Short	Binance TUTUSDT	0.02351	0.0100	get 0.0050% / 4h	1h 08m	$7.0M	$14.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.191%Rate

Funding earned: $0
Price spread: −0.191% → +0.012%: −$20.31
Slippage, 4 orders: −$62.73
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$105.04
Costs to cover: 0.847%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Binance: 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 Bitget live order book, 5 min ago	2.13 bp	19.8 bp −$20	155.4 bp −$1,554	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	2.13 bp	18.9 bp −$19	83.8 bp −$838	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	−0.0076%	4h	0.02351	−0.197%	$263K	$138K	10x	as long as short
Binance TUTUSDTshort	+0.0100%	4h	0.02351	−0.191%	$7.0M	$14.4M	10x
Bybit TUTUSDT	+0.0100%	4h	0.02356	−0.017%	$1.5M	$1.3M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02354	−0.089%	$721K	$877K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02353	−0.127%	$2.3M	$659K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02355	−0.042%	$1.9M	$650K	10x	as long as short
Bitget TUTUSDTlong	+0.0100%	4h	0.02356	long leg	$6.5M	$1.9M	10x
BingX TUT-USDT	+0.0100%	4h	0.02353	−0.127%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02345	−0.467%	$41K	$240K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02352	−0.155%	$423	—	5x	as long as short