Funding arb · Price arb /

TUT

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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 Bitget+0.053%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$275as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2182.183% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.568%−$57 on $10k

Price spread, last 7 days+0.021%+$2 · spread now +0.053%, 7d avg +0.076%

Together, before fees−0.546%−$55 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 0.023% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TUTUSDT	0.02246	0.0100	pay 0.0050% / 4h	1h 45m	$6.2M	$1.5M	10x
Short	Bybit TUTUSDT	0.02247	0.0100	get 0.0050% / 4h	1h 45m	$1.5M	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.076%: −$2.3
Slippage, 4 orders: −$195.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$220.56
Costs to cover: 2.183%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 1 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, 3 min ago	2.23 bp	29.6 bp −$30	120.6 bp −$1,206	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.68 bp	66.6 bp −$67	755.6 bp −$7,556	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	−0.0316%	4h	0.02244	−0.102%	$238K	$47K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02245	−0.046%	$6.6M	$12.4M	10x	as long as short
Bybit TUTUSDTshort	+0.0100%	4h	0.02247	+0.053%	$1.5M	$1.2M	5x
Gate TUT_USDT	+0.0100%	4h	0.02239	−0.298%	$688K	$749K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02245	−0.045%	$2.1M	$583K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02244	−0.089%	$1.8M	$572K	10x	as long as short
Bitget TUTUSDTlong	+0.0100%	4h	0.02246	long leg	$6.2M	$1.5M	10x
BingX TUT-USDT	+0.0100%	4h	0.02244	−0.089%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02241	−0.223%	$39K	$215K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02244	−0.088%	$404	—	5x	as long as short