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: HTX against Gate−0.048%50s7-day average −0.453% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3,460as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3,44334.425% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

Price spread, last 3 days (all we have)−0.380%−$38 · spread now −0.048%, 7d avg −0.453%

Together, before fees−0.555%−$55 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: HTX is 0.405% dearer against Gate than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of −0.453%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TUT_USDT	0.02270	0.0100	pay 0.0050% / 4h	2h 27m	$700K	$754K	10x
Short	HTX TUT-USDT	0.02269	0.0100	get 0.0050% / 4h	2h 27m	$40K	$217K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.453%: $40.49
Slippage, 4 orders: −$3,415.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$3,402.03
Costs to cover: 34.425%
Break-even: never at this rate

Slippage from Gate: live order book, 39 min ago; HTX: live order book, 39 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, 39 min ago	8.94 bp	58.0 bp −$58	89.0 bp −$890	doesn't fit	doesn't fit
Sell HTX live order book, 39 min ago	32.90 bp	39.0 bp −$39	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	−0.0172%	4h	0.02273	+0.150%	$241K	$45K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02269	−0.048%	$6.7M	$12.4M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02271	+0.057%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDTlong	+0.0100%	4h	0.02270	long leg	$700K	$754K	10x
MEXC TUT_USDT	+0.0100%	4h	0.02269	−0.048%	$2.2M	$586K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02272	+0.084%	$1.8M	$572K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02270	−0.004%	$6.2M	$1.5M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02271	+0.040%	—	$2.3M	—	as long as short
HTX TUT-USDTshort	+0.0100%	4h	0.02269	−0.048%	$40K	$217K	10x
Extended TUT-USD	+0.0104%	1h	0.02275	+0.237%	$410	—	5x	as long as short