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: HTX against Bitget−0.384%7-day average −0.446% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,324as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,307as in the Price arb table

costs, in and out, $10k−$1,31313.132% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now −0.384%, 7d avg −0.446%

Together, before fees−0.183%−$18 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: HTX is 0.062% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.446%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TUTUSDT	0.02341	0.0100	pay 0.0050% / 4h	1m 20s	$6.5M	$2.1M	10x
Short	HTX TUT-USDT	0.02332	0.0100	get 0.0050% / 4h	1m 20s	$41K	$245K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.384%Rate

Funding earned: $0
Price spread: −0.384% → −0.446%: $6.15
Slippage, 4 orders: −$1,289.2
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$1,307.05
Costs to cover: 13.132%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; HTX: live order book, 35 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	4.27 bp	18.6 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 35 min ago	29.67 bp	35.7 bp −$36	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	+0.0100%	4h	0.02340	−0.027%	$265K	$159K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02341	−0.020%	$7.1M	$15.3M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02342	+0.038%	$1.5M	$1.4M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02340	−0.034%	$710K	$984K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02341	0.000%	$2.3M	$682K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02342	+0.043%	$1.9M	$732K	10x	as long as short
Bitget TUTUSDTlong	+0.0100%	4h	0.02341	long leg	$6.5M	$2.1M	10x
BingX TUT-USDT	+0.0100%	4h	0.02341	0.000%	—	$2.3M	—	as long as short
HTX TUT-USDTshort	+0.0100%	4h	0.02332	−0.384%	$41K	$245K	10x
Extended TUT-USD	+0.0104%	1h	0.02340	−0.027%	$420	—	5x	as long as short