Funding arb · Price arb /

TUT

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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 KuCoin+0.089%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$447as in the Funding arb table

Net, price: spread back to 7d avg − costs−$425as in the Price arb table

costs, in and out, $10k−$4404.401% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.169%−$17 · spread now +0.089%, 7d avg −0.059%

Together, before fees−0.236%−$24 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 0.148% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TUTUSDTM	0.02240	0.0100	pay 0.0050% / 4h	27m 07s	$1.8M	$560K	10x
Short	Bitget TUTUSDT	0.02242	0.0100	get 0.0050% / 4h	27m 07s	$6.2M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.059%: $14.82
Slippage, 4 orders: −$416.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$425.23
Costs to cover: 4.401%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bitget: 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 KuCoin live order book, 4 min ago	8.90 bp	158.2 bp −$158	5718.6 bp −$57.2K	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.46 bp	25.6 bp −$26	89.1 bp −$891	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	−0.0342%	4h	0.02239	−0.047%	$237K	$47K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02241	+0.043%	$6.5M	$12.4M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02243	+0.129%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02241	+0.022%	$683K	$726K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02238	−0.089%	$2.1M	$574K	100x	as long as short
KuCoin TUTUSDTMlong	+0.0100%	4h	0.02240	long leg	$1.8M	$560K	10x
Bitget TUTUSDTshort	+0.0100%	4h	0.02242	+0.089%	$6.2M	$1.5M	10x
BingX TUT-USDT	+0.0100%	4h	0.02240	0.000%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02231	−0.402%	$39K	$223K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02238	−0.107%	$404	—	5x	as long as short