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: Gate against Bitget−0.253%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$1631.628% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.388%+$39 · spread now −0.253%, 7d avg +0.015%

Together, before fees+0.459%+$46 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 0.268% cheaper against Bitget than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TUTUSDT	0.02252	0.0100	pay 0.0050% / 4h	56m 33s	$6.2M	$1.5M	10x
Short	Gate TUT_USDT	0.02246	0.0100	get 0.0050% / 4h	56m 33s	$686K	$718K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.253%Rate

Funding earned: $0
Price spread: −0.253% → +0.015%: −$26.82
Slippage, 4 orders: −$135.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$189.64
Costs to cover: 1.628%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 65 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, 2 min ago	2.23 bp	30.1 bp −$30	120.0 bp −$1,200	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	9.51 bp	54.6 bp −$55	82.5 bp −$825	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	−0.0389%	4h	0.02247	−0.203%	$238K	$47K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02251	−0.044%	$6.6M	$12.3M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02253	+0.067%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDTshort	+0.0100%	4h	0.02246	−0.253%	$686K	$718K	10x
MEXC TUT_USDT	+0.0100%	4h	0.02250	−0.089%	$2.1M	$566K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02249	−0.133%	$1.8M	$565K	10x	as long as short
Bitget TUTUSDTlong	+0.0100%	4h	0.02252	long leg	$6.2M	$1.5M	10x
BingX TUT-USDT	+0.0100%	4h	0.02251	−0.044%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02233	−0.844%	$39K	$219K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02250	−0.103%	$404	—	5x	as long as short