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: KuCoin against Bitget+0.211%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$505as in the Funding arb table

Net, price: spread back to 7d avg − costs−$496as in the Price arb table

costs, in and out, $10k−$5125.117% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 7 days−0.202%−$20 · spread now +0.211%, 7d avg +0.058%

Together, before fees−0.130%−$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 0.152% dearer against Bitget than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TUTUSDT	0.02374	0.0100	pay 0.0050% / 4h	42m 57s	$6.5M	$1.9M	10x
Short	KuCoin TUTUSDTM	0.02379	0.0100	get 0.0050% / 4h	42m 57s	$1.9M	$688K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.211%Rate

Funding earned: $0
Price spread: +0.211% → +0.058%: $15.24
Slippage, 4 orders: −$487.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$496.45
Costs to cover: 5.117%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 3 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	4.18 bp	21.0 bp −$21	175.7 bp −$1,757	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	10.50 bp	374.3 bp −$374	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	+0.0024%	4h	0.02376	+0.087%	$272K	$155K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02373	−0.042%	$7.2M	$14.9M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02373	−0.055%	$1.5M	$1.4M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02377	+0.139%	$720K	$933K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02375	+0.042%	$2.4M	$666K	100x	as long as short
KuCoin TUTUSDTMshort	+0.0100%	4h	0.02379	+0.211%	$1.9M	$688K	10x
Bitget TUTUSDTlong	+0.0100%	4h	0.02374	long leg	$6.5M	$1.9M	10x
BingX TUT-USDT	+0.0100%	4h	0.02374	0.000%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02361	−0.548%	$42K	$242K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02375	+0.056%	$428	—	5x	as long as short