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

TUT

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRnext payment $0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.169%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$192as in the Price arb table
costs, in and out, $10k−$1811.814% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.422%+$42 on $10k
Price spread, last 7 days+0.118%+$12 · spread now −0.169%, 7d avg −0.064%
Together, before fees+0.540%+$54 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: Binance is 0.105% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TUTUSDT0.022650.0101pay 0.0051% / 4h8m 17s$1.5M$1.1M5x
ShortBinance TUTUSDT0.022610.0100get 0.0050% / 4h8m 17s$6.6M$12.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$0.24
Price spread: −0.169% → −0.064%
−$10.45
Slippage, 4 orders
−$160.35
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$192.05
Costs to cover
1.814%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 2 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, 3 min ago2.44 bp82.0 bp −$82doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 2 min ago2.22 bp19.6 bp −$2084.7 bp −$847doesn'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 TUTUSDT−0.0188%4h0.02259−0.294%$240K$46K10xas long as short
Binance TUTUSDTshort+0.0100%4h0.02261−0.169%$6.6M$12.3M10x
Gate TUT_USDT+0.0100%4h0.02258−0.340%$676K$745K10xas long as short
MEXC TUT_USDT+0.0100%4h0.02260−0.230%$2.2M$605K100xas long as short
KuCoin TUTUSDTM+0.0100%4h0.02259−0.274%$1.8M$579K10xas long as short
Bitget TUTUSDT+0.0100%4h0.02264−0.053%$6.2M$1.4M10xas long as short
HTX TUT-USDT+0.0100%4h0.02250−0.671%$39K$228K10xas long as short
Bybit TUTUSDTlong+0.0101%4h0.02265long leg$1.5M$1.1M5x
BingX TUT-USDT+0.0102%4h0.02260−0.230%$2.3Mas long as short
Extended TUT-USD+0.0104%1h0.02262−0.145%$4065xas long as short