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 MEXC+0.506%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.385%+$39 on $10k

Price spread, last 7 days−0.472%−$47 · spread now +0.506%, 7d avg +0.030%

Together, before fees−0.086%−$9 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 0.476% dearer against MEXC than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TUT_USDT	0.02372	0.0100	pay 0.0050% / 4h	42m 31s	$2.4M	$667K	100x
Short	BingX TUT-USDT	0.02384	0.0100	get 0.0050% / 4h	42m 31s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.506%Rate

Funding earned: $0
Price spread: +0.506% → +0.030%: $47.63
Slippage, 4 orders: −$52.67
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$15.03
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 6 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, 4 min ago	4.19 bp	9.4 bp −$9	34.9 bp −$349	223.1 bp −$22.3K	349.0 bp −$174.5K
Sell BingX live order book, 6 min ago	4.18 bp	21.1 bp −$21	60.3 bp −$603	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	+0.0027%	4h	0.02381	+0.383%	$272K	$155K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02380	+0.337%	$7.2M	$14.9M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02383	+0.447%	$1.6M	$1.4M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02380	+0.350%	$721K	$933K	10x	as long as short
MEXC TUT_USDTlong	+0.0100%	4h	0.02372	long leg	$2.4M	$667K	100x
KuCoin TUTUSDTM	+0.0100%	4h	0.02377	+0.211%	$1.9M	$688K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02383	+0.464%	$6.6M	$1.9M	10x	as long as short
BingX TUT-USDTshort	+0.0100%	4h	0.02384	+0.506%	—	$2.3M	—
HTX TUT-USDT	+0.0100%	4h	0.02361	−0.464%	$42K	$242K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02373	+0.057%	$428	—	5x	as long as short