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 BingX+0.085%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$860.861% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.403%−$40 on $10k

Price spread, last 7 days−0.128%−$13 · spread now +0.085%, 7d avg −0.025%

Together, before fees−0.532%−$53 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 0.110% dearer against BingX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TUT-USDT	0.02236	0.0100	pay 0.0050% / 4h	41m 05s	—	$2.3M	—
Short	Binance TUTUSDT	0.02238	0.0100	get 0.0050% / 4h	41m 05s	$6.5M	$12.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → −0.025%: $10.96
Slippage, 4 orders: −$66.11
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$75.15
Costs to cover: 0.861%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Binance: live order book, 14 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 BingX live order book, 8 min ago	6.72 bp	22.6 bp −$23	73.4 bp −$734	858.2 bp −$85.8K	doesn't fit
Sell Binance live order book, 14 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	−0.0402%	4h	0.02234	−0.107%	$237K	$47K	10x	as long as short
Binance TUTUSDTshort	+0.0100%	4h	0.02238	+0.085%	$6.5M	$12.4M	10x
Bybit TUTUSDT	+0.0100%	4h	0.02241	+0.219%	$1.5M	$1.2M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02236	−0.018%	$681K	$723K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02233	−0.134%	$2.1M	$570K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02235	−0.045%	$1.8M	$564K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02240	+0.179%	$6.1M	$1.5M	10x	as long as short
BingX TUT-USDTlong	+0.0100%	4h	0.02236	long leg	—	$2.3M	—
HTX TUT-USDT	+0.0100%	4h	0.02228	−0.358%	$39K	$221K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02238	+0.108%	$402	—	5x	as long as short