Settings8H · net · $10k
Funding arb · Price arb /

TUT

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0305%/8h= +33.4% APRnext payment +$1.53 per $10,000 · paid last 24h +0.066%
Price spread now: Bybit against Aster−0.113%7-day average +0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$222as in the Funding arb table
Net, price: spread back to 7d avg − costs−$246as in the Price arb table
costs, in and out, $10k−$2252.251% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.033%+$3 on $10k
Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.113%, 7d avg +0.099%
Together, before fees+0.167%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.213% cheaper against Aster than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of +0.099%). If the spread goes back, that is −$21 on $10k: about 2.3 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.033% in total) that is about 46 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.033% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TUTUSDT0.02281−0.0204get 0.0102% / 4h1h 32m$242K$46K10x
ShortBybit TUTUSDT0.022790.0101get 0.0051% / 4h1h 32m$1.5M$1.2M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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

Funding earned
$64.15
Price spread: −0.113% → +0.099%
−$21.25
Slippage, 4 orders
−$206.08
Fee Aster: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$182.19
Costs to cover
2.251%
Break-even
26.9 days
Slippage from Aster: live order book, 49 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 49 min ago6.57 bp34.2 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago3.94 bp78.7 bp −$79doesn't fitdoesn't fitdoesn't fit

TUT on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TUTUSDTlong−0.0204%4h0.02281long leg$242K$46K10x
Binance TUTUSDT+0.0100%4h0.02276−0.223%$6.7M$12.8M10xas long as short
Gate TUT_USDT+0.0100%4h0.02280−0.065%$676K$806K10xas long as short
MEXC TUT_USDT+0.0100%4h0.02276−0.240%$2.3M$603K100xas long as short
KuCoin TUTUSDTM+0.0100%4h0.02281−0.021%$1.8M$623K10xas long as short
Bitget TUTUSDT+0.0100%4h0.02274−0.328%$6.3M$1.5M10xas long as short
HTX TUT-USDT+0.0100%4h0.02268−0.591%$40K$233K10xas long as short
Bybit TUTUSDTshort+0.0101%4h0.02279−0.113%$1.5M$1.2M5x
BingX TUT-USDT+0.0102%4h0.02278−0.153%$2.3Mas long as short
Extended TUT-USD+0.0104%1h0.02276−0.243%$4105xas long as short