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 KuCoin+0.212%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$351as in the Funding arb table

Net, price: spread back to 7d avg − costs−$306as in the Price arb table

costs, in and out, $10k−$3323.320% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 7 days−0.274%−$27 · spread now +0.212%, 7d avg −0.047%

Together, before fees−0.464%−$46 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 0.259% dearer against KuCoin than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TUTUSDTM	0.02278	0.0100	pay 0.0050% / 4h	3h 48m	$1.8M	$565K	10x
Short	Binance TUTUSDT	0.02283	0.0100	get 0.0050% / 4h	3h 48m	$6.7M	$12.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.212%Rate

Funding earned: $0
Price spread: +0.212% → −0.047%: $25.92
Slippage, 4 orders: −$309.99
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$306.06
Costs to cover: 3.320%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Binance: live order book, 7 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 KuCoin live order book, 8 min ago	8.80 bp	70.6 bp −$71	5242.2 bp −$52.4K	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	4.41 bp	21.5 bp −$22	91.1 bp −$911	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	−0.0134%	4h	0.02277	−0.048%	$241K	$45K	10x	as long as short
Binance TUTUSDTshort	+0.0100%	4h	0.02283	+0.212%	$6.7M	$12.2M	10x
Gate TUT_USDT	+0.0100%	4h	0.02277	−0.057%	$684K	$728K	10x	as long as short
MEXC TUT_USDT	+0.0100%	4h	0.02282	+0.176%	$2.3M	$579K	100x	as long as short
KuCoin TUTUSDTMlong	+0.0100%	4h	0.02278	long leg	$1.8M	$565K	10x
Bitget TUTUSDT	+0.0100%	4h	0.02282	+0.176%	$6.3M	$1.4M	10x	as long as short
BingX TUT-USDT	+0.0100%	4h	0.02283	+0.219%	—	$2.3M	—	as long as short
HTX TUT-USDT	+0.0100%	4h	0.02269	−0.395%	$40K	$226K	10x	as long as short
Extended TUT-USD	+0.0104%	1h	0.02281	+0.116%	$410	—	5x	as long as short
Bybit TUTUSDT	+0.0114%	4h	0.02283	+0.202%	$1.5M	$1.1M	5x	as long as short