TUT arbitrage explained
Right now Tutorial (TUT) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.0238 and the highest bid on KuCoin perp at $0.0239.
The widest TUT perpetual spread is between Binance and KuCoin: long TUT on Binance at $0.0238 and short on KuCoin at $0.0239 for +0.13% gross, or -0.03% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best TUT route is to buy spot on Gate and short the perpetual on KuCoin: +0.21% gross, +0.01% net, with +0.030% a day of funding on the short leg.
Spot–spot TUT arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.11% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small TUT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: TUT funding rates · TUT spread charts · Tutorial price · arbitrage scanner for all coins.