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: Bybit against Gate−0.325%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$397as in the Funding arb table

Net, price: spread back to 7d avg − costs−$371as in the Price arb table

costs, in and out, $10k−$3333.331% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.639%−$64 on $10k

Price spread, last 4 days (all we have)+0.387%+$39 · spread now −0.325%, 7d avg +0.053%

Together, before fees−0.252%−$25 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: Bybit is 0.379% cheaper against Gate than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TUT_USDT	0.02274	0.0100	pay 0.0050% / 4h	2h 33m	$700K	$752K	10x
Short	Bybit TUTUSDT	0.02266	0.0100	get 0.0050% / 4h	2h 33m	$1.5M	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.325%Rate

Funding earned: $0
Price spread: −0.325% → +0.053%: −$37.88
Slippage, 4 orders: −$307.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$371.01
Costs to cover: 3.331%
Break-even: never at this rate

Slippage from Gate: live order book, 33 min ago; Bybit: live order book, 3 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, 33 min ago	8.94 bp	58.0 bp −$58	89.0 bp −$890	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.61 bp	106.3 bp −$106	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	−0.0176%	4h	0.02269	−0.195%	$241K	$45K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02267	−0.299%	$6.7M	$12.4M	10x	as long as short
Bybit TUTUSDTshort	+0.0100%	4h	0.02266	−0.325%	$1.5M	$1.2M	5x
Gate TUT_USDTlong	+0.0100%	4h	0.02274	long leg	$700K	$752K	10x
MEXC TUT_USDT	+0.0100%	4h	0.02267	−0.299%	$2.2M	$585K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02269	−0.211%	$1.8M	$575K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02267	−0.299%	$6.2M	$1.5M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02270	−0.167%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02263	−0.475%	$40K	$218K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02270	−0.168%	$408	—	5x	as long as short