Funding arb · Price arb /

TUT

all TUT markets

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: Bitget against HTX+0.313%7-day average +0.443% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,999as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3,022as in the Price arb table

costs, in and out, $10k−$3,00930.093% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.676%+$68 · spread now +0.313%, 7d avg +0.443%

Together, before fees+0.780%+$78 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: Bitget is 0.130% cheaper against HTX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.443%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TUT-USDT	0.02238	0.0100	pay 0.0050% / 4h	54m 31s	$39K	$220K	10x
Short	Bitget TUTUSDT	0.02245	0.0100	get 0.0050% / 4h	54m 31s	$6.2M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now +0.313%Rate

Funding earned: $0
Price spread: +0.313% → +0.443%: −$13.03
Slippage, 4 orders: −$2,985.35
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$3,022.37
Costs to cover: 30.093%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Bitget: 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 HTX live order book, 2 min ago	31.19 bp	2903.1 bp −$2,903	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.23 bp	25.8 bp −$26	118.4 bp −$1,184	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	−0.0391%	4h	0.02242	+0.197%	$238K	$47K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02240	+0.089%	$6.5M	$12.3M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02242	+0.156%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02243	+0.232%	$685K	$718K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02242	+0.179%	$2.1M	$567K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02246	+0.357%	$1.8M	$565K	10x	as long as short
Bitget TUTUSDTshort	+0.0100%	4h	0.02245	+0.313%	$6.2M	$1.5M	10x
BingX TUT-USDT	+0.0100%	4h	0.02244	+0.268%	—	$2.3M	—	as long as short
HTX TUT-USDTlong	+0.0100%	4h	0.02238	long leg	$39K	$220K	10x
Extended TUT-USD	+0.0104%	1h	0.02241	+0.141%	$404	—	5x	as long as short