Settings8H · net · $10k
Funding arb · Price arb /

TUT

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0276%/8h= −30.2% APRnext payment $1.38 per $10,000 · paid last 24h −0.075%
Price spread now: Aster against Bybit−0.130%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$279as in the Funding arb table
Net, price: spread back to 7d avg − costs−$280as in the Price arb table
costs, in and out, $10k−$2772.772% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.021%−$2 on $10k
Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.130%, 7d avg −0.099%
Together, before fees+0.129%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.031% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.099%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TUTUSDT0.022710.0100pay 0.0050% / 4h2h 32m$1.5M$1.2M5x
ShortAster TUTUSDT0.02269−0.0176pay 0.0088% / 4h2h 32m$240K$45K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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

Funding earned
−$57.94
Price spread: −0.130% → −0.099%
−$3.12
Slippage, 4 orders
−$258.16
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$338.22
Costs to cover
2.772%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago4.61 bp111.0 bp −$111doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 34 min ago6.55 bp27.1 bp −$27doesn't fitdoesn't fitdoesn't fit

TUT on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TUTUSDTshort−0.0176%4h0.02269−0.130%$240K$45K10x
Binance TUTUSDT+0.0100%4h0.02272+0.022%$6.7M$12.4M10xas long as short
Bybit TUTUSDTlong+0.0100%4h0.02271long leg$1.5M$1.2M5x
Gate TUT_USDT+0.0100%4h0.02272+0.009%$699K$752K10xas long as short
MEXC TUT_USDT+0.0100%4h0.02270−0.066%$2.2M$585K100xas long as short
KuCoin TUTUSDTM+0.0100%4h0.02270−0.066%$1.8M$575K10xas long as short
Bitget TUTUSDT+0.0100%4h0.02273+0.066%$6.3M$1.5M10xas long as short
BingX TUT-USDT+0.0100%4h0.02270−0.066%$2.3Mas long as short
HTX TUT-USDT+0.0100%4h0.02263−0.374%$39K$218K10xas long as short
Extended TUT-USD+0.0104%1h0.02270−0.046%$4085xas long as short