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: Binance against MEXC+0.063%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$580.578% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.063%, 7d avg +0.005%

Together, before fees−0.041%−$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: Binance is 0.058% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TUT_USDT	0.02231	0.0100	pay 0.0050% / 4h	51m 04s	$2.1M	$568K	100x
Short	Binance TUTUSDT	0.02232	0.0100	get 0.0050% / 4h	51m 04s	$6.5M	$12.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.005%: $5.8
Slippage, 4 orders: −$47.81
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.01
Costs to cover: 0.578%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Binance: 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 MEXC live order book, 1 min ago	2.24 bp	8.9 bp −$9	33.7 bp −$337	214.6 bp −$21.5K	418.9 bp −$209.5K
Sell Binance live order book, 4 min ago	2.23 bp	19.9 bp −$20	114.2 bp −$1,142	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	−0.0420%	4h	0.02229	−0.106%	$236K	$47K	10x	as long as short
Binance TUTUSDTshort	+0.0100%	4h	0.02232	+0.063%	$6.5M	$12.4M	10x
Bybit TUTUSDT	+0.0100%	4h	0.02234	+0.121%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02229	−0.076%	$680K	$718K	10x	as long as short
MEXC TUT_USDTlong	+0.0100%	4h	0.02231	long leg	$2.1M	$568K	100x
KuCoin TUTUSDTM	+0.0100%	4h	0.02231	0.000%	$1.8M	$564K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02231	0.000%	$6.1M	$1.5M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02231	0.000%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02222	−0.403%	$39K	$220K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02231	+0.003%	$402	—	5x	as long as short