Funding arb · Price arb /

TUT

all TUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.039%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$618as in the Funding arb table

Net, price: spread back to 7d avg − costs−$560as in the Price arb table

costs, in and out, $10k−$5545.540% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.639%−$64 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.039%, 7d avg +0.017%

Together, before fees−0.614%−$61 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: Bybit is 0.055% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TUTUSDTM	0.02329	0.0100	pay 0.0050% / 4h	3h 19m	$1.9M	$765K	10x
Short	Bybit TUTUSDT	0.02328	0.0100	get 0.0050% / 4h	3h 19m	$1.5M	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.017%: −$5.54
Slippage, 4 orders: −$531.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$559.57
Costs to cover: 5.540%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Bybit: live order book, 2 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, 7 min ago	6.42 bp	155.0 bp −$155	5394.9 bp −$53.9K	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.72 bp	50.8 bp −$51	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
HTX TUT-USDT	+0.0050%	4h	0.02311	−0.773%	$41K	$249K	10x	as long as short
Aster TUTUSDT	+0.0100%	4h	0.02326	−0.135%	$258K	$167K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02325	−0.172%	$6.9M	$15.8M	10x	as long as short
Bybit TUTUSDTshort	+0.0100%	4h	0.02328	−0.039%	$1.5M	$1.5M	5x
Gate TUT_USDT	+0.0100%	4h	0.02329	+0.021%	$745K	$1.1M	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02328	−0.043%	$2.4M	$691K	100x	as long as short
KuCoin TUTUSDTMlong	+0.0100%	4h	0.02329	long leg	$1.9M	$765K	10x
Bitget TUTUSDT	+0.0100%	4h	0.02326	−0.129%	$6.4M	$2.2M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02327	−0.086%	—	$2.3M	—	as long as short
Extended TUT-USD	+0.0104%	1h	0.02327	−0.074%	$420	—	5x	as long as short