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: MEXC against HTX+0.481%7-day average +0.434% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4,490as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4,485as in the Price arb table

costs, in and out, $10k−$4,49044.896% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.481%, 7d avg +0.434%

Together, before fees+0.042%+$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: MEXC is 0.047% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.434%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TUT-USDT	0.02285	0.0100	pay 0.0050% / 4h	3h 10m	$40K	$228K	10x
Short	MEXC TUT_USDT	0.02296	0.0100	get 0.0050% / 4h	3h 10m	$2.3M	$600K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.481%Rate

Funding earned: $0
Price spread: +0.481% → +0.434%: $4.7
Slippage, 4 orders: −$4,477.63
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$4,484.93
Costs to cover: 44.896%
Break-even: never at this rate

Slippage from HTX: live order book, 41 min ago; MEXC: 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 HTX live order book, 41 min ago	15.73 bp	4431.4 bp −$4,431	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.18 bp	9.1 bp −$9	34.4 bp −$344	221.0 bp −$22.1K	413.0 bp −$206.5K

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	−0.0063%	4h	0.02294	+0.386%	$243K	$48K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02296	+0.481%	$6.7M	$12.7M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02297	+0.538%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02294	+0.403%	$701K	$742K	10x	as long as short
MEXC TUT_USDTshort	+0.0100%	4h	0.02296	+0.481%	$2.3M	$600K	100x
KuCoin TUTUSDTM	+0.0100%	4h	0.02296	+0.481%	$1.8M	$566K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02295	+0.438%	$6.3M	$1.6M	10x	as long as short
HTX TUT-USDTlong	+0.0100%	4h	0.02285	long leg	$40K	$228K	10x
Extended TUT-USD	+0.0104%	1h	0.02290	+0.234%	$413	—	5x	as long as short
BingX TUT-USDT	+0.0118%	4h	0.02292	+0.306%	—	$2.3M	—	as long as short