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: Gate against HTX+0.817%7-day average +0.450% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4,443as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4,424as in the Price arb table

costs, in and out, $10k−$4,46044.604% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.483%−$48 · spread now +0.817%, 7d avg +0.450%

Together, before fees−0.308%−$31 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: Gate is 0.367% dearer against HTX than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.450%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TUT-USDT	0.02314	0.0100	pay 0.0050% / 4h	1h 50m	$40K	$234K	10x
Short	Gate TUT_USDT	0.02333	0.0100	get 0.0050% / 4h	1h 50m	$701K	$829K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.817%Rate

Funding earned: $0
Price spread: +0.817% → +0.450%: $36.65
Slippage, 4 orders: −$4,433.42
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4,423.77
Costs to cover: 44.604%
Break-even: never at this rate

Slippage from HTX: live order book, 56 min ago; Gate: live order book, 56 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, 56 min ago	50.40 bp	4299.0 bp −$4,299	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 56 min ago	8.25 bp	58.0 bp −$58	87.7 bp −$877	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	−0.0118%	4h	0.02330	+0.679%	$247K	$52K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02333	+0.803%	$6.9M	$13.8M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02333	+0.825%	$1.5M	$1.3M	5x	as long as short
Gate TUT_USDTshort	+0.0100%	4h	0.02333	+0.817%	$701K	$829K	10x
MEXC TUT_USDT	+0.0100%	4h	0.02333	+0.821%	$2.3M	$632K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02326	+0.519%	$1.9M	$624K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02333	+0.821%	$6.4M	$1.8M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02332	+0.778%	—	$2.3M	—	as long as short
HTX TUT-USDTlong	+0.0100%	4h	0.02314	long leg	$40K	$234K	10x
Extended TUT-USD	+0.0104%	1h	0.02332	+0.785%	$418	—	5x	as long as short