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: MEXC against Bybit−0.039%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$2132.129% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.463%+$46 on $10k

Price spread, last 7 days−0.013%−$1 · spread now −0.039%, 7d avg −0.070%

Together, before fees+0.450%+$45 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 0.030% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TUTUSDT	0.02282	0.0100	pay 0.0050% / 4h	2h 19m	$1.5M	$1.2M	5x
Short	MEXC TUT_USDT	0.02281	0.0100	get 0.0050% / 4h	2h 19m	$2.2M	$624K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.070%: $3.01
Slippage, 4 orders: −$201.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$209.92
Costs to cover: 2.129%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	3.07 bp	87.4 bp −$87	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.19 bp	7.3 bp −$7	48.8 bp −$488	217.7 bp −$21.8K	342.1 bp −$171.0K

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	−0.0169%	4h	0.02279	−0.147%	$241K	$50K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02281	−0.034%	$6.7M	$13.4M	10x	as long as short
Bybit TUTUSDTlong	+0.0100%	4h	0.02282	long leg	$1.5M	$1.2M	5x
Gate TUT_USDT	+0.0100%	4h	0.02280	−0.088%	$686K	$814K	10x	as long as short
MEXC TUT_USDTshort	+0.0100%	4h	0.02281	−0.039%	$2.2M	$624K	100x
KuCoin TUTUSDTM	+0.0100%	4h	0.02280	−0.083%	$1.8M	$601K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02281	−0.039%	$6.3M	$1.7M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02282	+0.004%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02269	−0.565%	$40K	$231K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02281	−0.061%	$409	—	5x	as long as short