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: MEXC against Bitget−0.044%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$680.678% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 7 days+0.080%+$8 · spread now −0.044%, 7d avg +0.008%

Together, before fees−0.047%−$5 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: MEXC is 0.052% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TUTUSDT	0.02273	0.0100	pay 0.0050% / 4h	2h 30m	$6.3M	$1.5M	10x
Short	MEXC TUT_USDT	0.02272	0.0100	get 0.0050% / 4h	2h 30m	$2.2M	$585K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.008%: −$5.15
Slippage, 4 orders: −$55.77
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$72.92
Costs to cover: 0.678%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; MEXC: 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, 3 min ago	4.40 bp	17.5 bp −$18	184.2 bp −$1,842	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.20 bp	11.6 bp −$12	31.8 bp −$318	222.8 bp −$22.3K	413.4 bp −$206.7K

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	−0.0178%	4h	0.02269	−0.162%	$241K	$45K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02273	−0.005%	$6.7M	$12.4M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02275	+0.092%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02273	0.000%	$700K	$753K	10x	as long as short
MEXC TUT_USDTshort	+0.0100%	4h	0.02272	−0.044%	$2.2M	$585K	100x
KuCoin TUTUSDTM	+0.0100%	4h	0.02274	+0.044%	$1.8M	$572K	10x	as long as short
Bitget TUTUSDTlong	+0.0100%	4h	0.02273	long leg	$6.3M	$1.5M	10x
BingX TUT-USDT	+0.0100%	4h	0.02273	0.000%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02261	−0.528%	$40K	$217K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02273	−0.016%	$408	—	5x	as long as short