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: BingX against KuCoin−0.128%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$413as in the Funding arb table

Net, price: spread back to 7d avg − costs−$445as in the Price arb table

costs, in and out, $10k−$4344.339% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$21 on $10k

Price spread, last 7 days+0.145%+$15 · spread now −0.128%, 7d avg −0.022%

Together, before fees+0.351%+$35 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: BingX is 0.107% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TUTUSDTM	0.02336	0.0100	pay 0.0050% / 4h	1h 34m	$1.9M	$631K	10x
Short	BingX TUT-USDT	0.02333	0.0100	get 0.0050% / 4h	1h 34m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.128%Rate

Funding earned: $0
Price spread: −0.128% → −0.022%: −$10.69
Slippage, 4 orders: −$411.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$444.63
Costs to cover: 4.339%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; BingX: 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 KuCoin live order book, 1 min ago	6.41 bp	79.3 bp −$79	5145.3 bp −$51.5K	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	6.41 bp	25.8 bp −$26	61.8 bp −$618	696.9 bp −$69.7K	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	−0.0141%	4h	0.02336	−0.008%	$247K	$53K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02332	−0.171%	$6.9M	$14.1M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02334	−0.073%	$1.5M	$1.3M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02338	+0.077%	$706K	$850K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02334	−0.086%	$2.3M	$645K	100x	as long as short
KuCoin TUTUSDTMlong	+0.0100%	4h	0.02336	long leg	$1.9M	$631K	10x
Bitget TUTUSDT	+0.0100%	4h	0.02333	−0.128%	$6.4M	$1.8M	10x	as long as short
BingX TUT-USDTshort	+0.0100%	4h	0.02333	−0.128%	—	$2.3M	—
HTX TUT-USDT	+0.0100%	4h	0.02328	−0.342%	$41K	$237K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02331	−0.195%	$421	—	5x	as long as short