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 HTX+0.180%51s7-day average +0.493% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3,308as 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−$3,32533.249% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 4 days (all we have)+0.493%+$49 · spread now +0.180%, 7d avg +0.493%

Together, before fees+0.664%+$66 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 0.313% cheaper against HTX than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.493%. The two prices were read 51 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	HTX TUT-USDT	0.02223	0.0100	pay 0.0050% / 4h	3h 56m	$39K	$225K	10x
Short	KuCoin TUTUSDTM	0.02227	0.0100	get 0.0050% / 4h	3h 56m	$1.8M	$558K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.180%Rate

Funding earned: $0
Price spread: +0.180% → +0.493%: −$31.29
Slippage, 4 orders: −$3,300.9
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3,356.19
Costs to cover: 33.249%
Break-even: never at this rate

Slippage from HTX: live order book, 60 min ago; KuCoin: live order book, 10 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, 60 min ago	31.19 bp	2903.1 bp −$2,903	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	2.25 bp	304.6 bp −$305	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	−0.0258%	4h	0.02225	+0.078%	$236K	$47K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02226	+0.122%	$6.5M	$12.3M	10x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02228	+0.207%	$682K	$718K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02225	+0.090%	$2.1M	$573K	100x	as long as short
KuCoin TUTUSDTMshort	+0.0100%	4h	0.02227	+0.180%	$1.8M	$558K	10x
Bitget TUTUSDT	+0.0100%	4h	0.02225	+0.090%	$6.1M	$1.5M	10x	as long as short
HTX TUT-USDTlong	+0.0100%	4h	0.02223	long leg	$39K	$225K	10x
Extended TUT-USD	+0.0104%	1h	0.02226	+0.116%	$402	—	5x	as long as short
Bybit TUTUSDT	+0.0514%	4h	0.02227	+0.198%	$1.5M	$1.2M	5x	as long as short
BingX TUT-USDT	+0.1608%	4h	0.02226	+0.135%	—	$2.3M	—	as long as short