Funding arb · Price arb /

TUT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate+0.010%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1491.487% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.194%−$19 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.010%, 7d avg −0.017%

Together, before fees−0.231%−$23 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 0.027% dearer against Gate 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	Gate TUT_USDT	0.02290	0.0100	pay 0.0050% / 4h	3h 20m	$689K	$734K	10x
Short	Binance TUTUSDT	0.02291	0.0100	get 0.0050% / 4h	3h 20m	$6.7M	$12.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → −0.017%: $2.71
Slippage, 4 orders: −$123.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$145.95
Costs to cover: 1.487%
Break-even: never at this rate

Slippage from Gate: live order book, 51 min ago; Binance: live order book, 5 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 Gate live order book, 51 min ago	5.76 bp	53.2 bp −$53	84.2 bp −$842	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.18 bp	23.0 bp −$23	79.2 bp −$792	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	−0.0113%	4h	0.02289	−0.060%	$243K	$45K	10x	as long as short
Binance TUTUSDTshort	+0.0100%	4h	0.02291	+0.010%	$6.7M	$12.3M	10x
Gate TUT_USDTlong	+0.0100%	4h	0.02290	long leg	$689K	$734K	10x
MEXC TUT_USDT	+0.0100%	4h	0.02290	−0.022%	$2.3M	$582K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02293	+0.109%	$1.8M	$566K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02290	−0.022%	$6.3M	$1.4M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02291	+0.022%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02285	−0.240%	$40K	$223K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02289	−0.046%	$412	—	5x	as long as short
Bybit TUTUSDT	+0.0109%	4h	0.02293	+0.087%	$1.5M	$1.1M	5x	as long as short