Funding arb · Price arb /

TUT

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against MEXC0.000%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1251.255% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.207%+$21 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now 0.000%, 7d avg +0.022%

Together, before fees+0.310%+$31 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: Gate is 0.022% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TUT_USDT	0.02261	0.0100	pay 0.0050% / 4h	7m 43s	$2.2M	$605K	100x
Short	Gate TUT_USDT	0.02261	0.0100	get 0.0050% / 4h	7m 43s	$678K	$746K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.022%: −$2.21
Slippage, 4 orders: −$110.47
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$127.68
Costs to cover: 1.255%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: 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, 3 min ago	2.22 bp	7.8 bp −$8	37.0 bp −$370	226.4 bp −$22.6K	374.2 bp −$187.1K
Sell Gate live order book, 4 min ago	5.76 bp	57.0 bp −$57	82.2 bp −$822	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	−0.0181%	4h	0.02260	−0.044%	$240K	$46K	10x	as long as short
Binance TUTUSDT	+0.0100%	4h	0.02263	+0.076%	$6.6M	$12.3M	10x	as long as short
Gate TUT_USDTshort	+0.0100%	4h	0.02261	0.000%	$678K	$746K	10x
MEXC TUT_USDTlong	+0.0100%	4h	0.02261	long leg	$2.2M	$605K	100x
KuCoin TUTUSDTM	+0.0100%	4h	0.02263	+0.088%	$1.8M	$578K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02262	+0.044%	$6.2M	$1.4M	10x	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02250	−0.487%	$39K	$228K	10x	as long as short
Bybit TUTUSDT	+0.0101%	4h	0.02264	+0.133%	$1.5M	$1.1M	5x	as long as short
BingX TUT-USDT	+0.0102%	4h	0.02261	0.000%	—	$2.3M	—	as long as short
Extended TUT-USD	+0.0104%	1h	0.02262	+0.023%	$406	—	5x	as long as short