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

TUT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit−0.115%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1791.794% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.849%+$85 on $10k
Price spread, last 7 days+0.126%+$13 · spread now −0.115%, 7d avg −0.039%
Together, before fees+0.975%+$98 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: BingX is 0.076% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TUTUSDT0.022650.0101pay 0.0051% / 4h8m 08s$1.5M$1.1M5x
ShortBingX TUT-USDT0.022620.0102get 0.0051% / 4h8m 08s$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$0.18
Price spread: −0.115% → −0.039%
−$7.6
Slippage, 4 orders
−$158.37
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$186.79
Costs to cover
1.794%
Break-even
7246.9 days
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 11 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 BingX live order book, 11 min ago4.41 bp21.1 bp −$2157.1 bp −$571668.7 bp −$66.9Kdoesn'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%4h0.02263−0.091%$240K$46K10xas long as short
Binance TUTUSDT+0.0100%4h0.02263−0.071%$6.6M$12.3M10xas long as short
Gate TUT_USDT+0.0100%4h0.02261−0.168%$678K$746K10xas long as short
MEXC TUT_USDT+0.0100%4h0.02262−0.115%$2.2M$605K100xas long as short
KuCoin TUTUSDTM+0.0100%4h0.02262−0.115%$1.8M$578K10xas long as short
Bitget TUTUSDT+0.0100%4h0.02262−0.115%$6.2M$1.4M10xas long as short
HTX TUT-USDT+0.0100%4h0.02250−0.645%$39K$228K10xas long as short
Bybit TUTUSDTlong+0.0101%4h0.02265long leg$1.5M$1.1M5x
BingX TUT-USDTshort+0.0102%4h0.02262−0.115%$2.3M
Extended TUT-USD+0.0104%1h0.02262−0.119%$4065xas long as short