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: MEXC against Gate+0.146%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1291.288% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.198%−$20 on $10k

Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.146%, 7d avg −0.020%

Together, before fees−0.433%−$43 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 0.167% dearer against Gate than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TUT_USDT	0.02255	0.0100	pay 0.0050% / 4h	1h 42m	$692K	$749K	10x
Short	MEXC TUT_USDT	0.02258	0.0100	get 0.0050% / 4h	1h 42m	$2.2M	$583K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.146%Rate

Funding earned: $0
Price spread: +0.146% → −0.020%: $16.67
Slippage, 4 orders: −$113.85
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$112.18
Costs to cover: 1.288%
Break-even: never at this rate

Slippage from Gate: live order book, 19 min ago; MEXC: live order book, 4 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, 19 min ago	9.51 bp	52.3 bp −$52	85.3 bp −$853	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.23 bp	14.0 bp −$14	57.0 bp −$570	242.5 bp −$24.2K	464.4 bp −$232.2K

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	−0.0302%	4h	0.02255	+0.010%	$239K	$47K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02257	+0.102%	$6.6M	$12.4M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02259	+0.182%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDTlong	+0.0100%	4h	0.02255	long leg	$692K	$749K	10x
MEXC TUT_USDTshort	+0.0100%	4h	0.02258	+0.146%	$2.2M	$583K	100x
KuCoin TUTUSDTM	+0.0100%	4h	0.02256	+0.058%	$1.8M	$572K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02259	+0.191%	$6.2M	$1.5M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02256	+0.058%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02241	−0.608%	$39K	$215K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02255	+0.030%	$406	—	5x	as long as short