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 Gate+0.088%7-day average +0.042% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$456as in the Price arb table

costs, in and out, $10k−$4604.601% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.088%, 7d avg +0.042%

Together, before fees−0.036%−$4 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 0.046% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TUT_USDT	0.02280	0.0100	pay 0.0050% / 4h	2h 19m	$686K	$814K	10x
Short	KuCoin TUTUSDTM	0.02282	0.0100	get 0.0050% / 4h	2h 19m	$1.8M	$601K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → +0.042%: $4.58
Slippage, 4 orders: −$433.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$455.51
Costs to cover: 4.601%
Break-even: never at this rate

Slippage from Gate: live order book, 27 min ago; KuCoin: live order book, 1 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, 27 min ago	8.25 bp	47.0 bp −$47	81.2 bp −$812	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	6.59 bp	251.6 bp −$252	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	−0.0169%	4h	0.02280	−0.008%	$242K	$50K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02283	+0.120%	$6.7M	$13.4M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02285	+0.228%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDTlong	+0.0100%	4h	0.02280	long leg	$686K	$814K	10x
MEXC TUT_USDT	+0.0100%	4h	0.02284	+0.175%	$2.2M	$624K	100x	as long as short
KuCoin TUTUSDTMshort	+0.0100%	4h	0.02282	+0.088%	$1.8M	$601K	10x
Bitget TUTUSDT	+0.0100%	4h	0.02285	+0.219%	$6.3M	$1.7M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02284	+0.175%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02269	−0.482%	$40K	$231K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02283	+0.144%	$409	—	5x	as long as short