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: Binance against HTX+0.044%7-day average +0.435% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4,391as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4,430as in the Price arb table

costs, in and out, $10k−$4,39143.909% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.337%+$34 · spread now +0.044%, 7d avg +0.435%

Together, before fees+0.341%+$34 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 0.392% cheaper against HTX than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of +0.435%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TUT-USDT	0.02292	0.0100	pay 0.0050% / 4h	1h 58m	$40K	$233K	10x
Short	Binance TUTUSDT	0.02293	0.0100	get 0.0050% / 4h	1h 58m	$6.8M	$13.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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 HTXbpFee BinancebpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.435%: −$39.17
Slippage, 4 orders: −$4,368.93
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$4,430.1
Costs to cover: 43.909%
Break-even: never at this rate

Slippage from HTX: live order book, 48 min ago; Binance: live order book, 12 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 HTX live order book, 48 min ago	50.40 bp	4299.0 bp −$4,299	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	2.19 bp	16.4 bp −$16	96.4 bp −$964	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	−0.0127%	4h	0.02296	+0.154%	$243K	$52K	10x	as long as short
Binance TUTUSDTshort	+0.0100%	4h	0.02293	+0.044%	$6.8M	$13.7M	10x
Bybit TUTUSDT	+0.0100%	4h	0.02295	+0.148%	$1.5M	$1.3M	5x	as long as short
Gate TUT_USDT	+0.0100%	4h	0.02298	+0.249%	$689K	$820K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02294	+0.087%	$2.3M	$618K	100x	as long as short
KuCoin TUTUSDTM	+0.0100%	4h	0.02296	+0.175%	$1.8M	$618K	10x	as long as short
Bitget TUTUSDT	+0.0100%	4h	0.02294	+0.087%	$6.3M	$1.7M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02295	+0.131%	—	$2.3M	—	as long as short
HTX TUT-USDTlong	+0.0100%	4h	0.02292	long leg	$40K	$233K	10x
Extended TUT-USD	+0.0104%	1h	0.02294	+0.067%	$414	—	5x	as long as short