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 MEXC+0.044%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$680.678% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.044%, 7d avg −0.008%

Together, before fees+0.047%+$5 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 0.052% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TUT_USDT	0.02274	0.0100	pay 0.0050% / 4h	2h 31m	$2.2M	$585K	100x
Short	Bitget TUTUSDT	0.02275	0.0100	get 0.0050% / 4h	2h 31m	$6.3M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.008%: $5.15
Slippage, 4 orders: −$55.77
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.62
Costs to cover: 0.678%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: 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 MEXC live order book, 1 min ago	2.20 bp	9.9 bp −$10	37.4 bp −$374	237.4 bp −$23.7K	427.8 bp −$213.9K
Sell Bitget live order book, 2 min ago	4.40 bp	28.7 bp −$29	124.0 bp −$1,240	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	−0.0185%	4h	0.02272	−0.088%	$241K	$45K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02273	−0.036%	$6.7M	$12.4M	10x	as long as short
Bybit TUTUSDT	+0.0100%	4h	0.02278	+0.154%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02275	+0.044%	$700K	$752K	10x	as long as short
MEXC TUT_USDTlong	+0.0100%	4h	0.02274	long leg	$2.2M	$585K	100x
KuCoin TUTUSDTM	+0.0100%	4h	0.02277	+0.132%	$1.8M	$574K	10x	as long as short
Bitget TUTUSDTshort	+0.0100%	4h	0.02275	+0.044%	$6.3M	$1.5M	10x
BingX TUT-USDT	+0.0100%	4h	0.02279	+0.220%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02261	−0.572%	$40K	$217K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02273	−0.057%	$408	—	5x	as long as short