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 Bybit+0.017%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$535as in the Funding arb table

Net, price: spread back to 7d avg − costs−$596as in the Price arb table

costs, in and out, $10k−$5995.991% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.643%+$64 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.017%, 7d avg −0.017%

Together, before fees+0.626%+$63 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 0.035% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TUTUSDT	0.02306	0.0100	pay 0.0050% / 4h	3h 01m	$1.5M	$1.2M	5x
Short	KuCoin TUTUSDTM	0.02306	0.0100	get 0.0050% / 4h	3h 01m	$1.9M	$576K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.017%: $3.47
Slippage, 4 orders: −$576.09
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$595.62
Costs to cover: 5.991%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 10 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 Bybit live order book, 5 min ago	2.60 bp	78.4 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	8.73 bp	379.0 bp −$379	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	−0.0065%	4h	0.02303	−0.107%	$244K	$48K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02302	−0.156%	$6.8M	$12.9M	10x	as long as short
Bybit TUTUSDTlong	+0.0100%	4h	0.02306	long leg	$1.5M	$1.2M	5x
Gate TUT_USDT	+0.0100%	4h	0.02304	−0.061%	$711K	$774K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02302	−0.156%	$2.3M	$612K	100x	as long as short
KuCoin TUTUSDTMshort	+0.0100%	4h	0.02306	+0.017%	$1.9M	$576K	10x
Bitget TUTUSDT	+0.0100%	4h	0.02305	−0.026%	$6.4M	$1.6M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02307	+0.061%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02293	−0.546%	$40K	$229K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02300	−0.226%	$414	—	5x	as long as short