Funding you earn now, next payment 04:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.17 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.190%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1551.548% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.190%, 7d avg +0.008%
=Funding pays, the price is against you. Bybit is 0.198% cheaper against Binance than usual: you would sell low and buy high (spread −0.190% now, against its 7-day average of +0.008%). If the spread goes back, that is −$20 on $10k: about 20 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TREEUSDT | 0.04732 | 0.0067 | pay 0.0033% / 4h | 1h 22m | $1.9M | $3.3M | 10x |
| Short | Bybit TREEUSDT | 0.04723 | 0.0100 | get 0.0050% / 4h | 1h 22m | $887K | $687K | 25x |
Binance TREEUSDT
Bybit TREEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $7
- Price spread: −0.190% → +0.008%
- −$19.82
- Slippage, 4 orders
- −$133.78
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$167.61
- Costs to cover
- 1.548%
- Break-even
- 174.7 days
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 37 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 Binance live order book, 13 min ago | 3.16 bp | 34.8 bp −$35 | 104.1 bp −$1,041 | 10785.5 bp −$1.08M | doesn't fit |
| Sell Bybit live order book, 37 min ago | 3.19 bp | 41.1 bp −$41 | 415.6 bp −$4,156 | doesn't fit | doesn't fit |
TREE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TREE | −0.0163% | 4h | 0.04745 | +0.265% | $10K | $3 | — | as long as short |
| KuCoin TREEUSDTM | +0.0062% | 4h | 0.04733 | +0.021% | $207K | $44K | 10x | as long as short |
| Binance TREEUSDTlong | +0.0067% | 4h | 0.04732 | long leg | $1.9M | $3.3M | 10x | |
| BingX TREE-USDT | +0.0068% | 4h | 0.04729 | −0.063% | — | $2.3M | — | as long as short |
| MEXC TREE_USDT | +0.0084% | 4h | 0.04727 | −0.106% | $24K | $84K | 20x | as long as short |
| Aster TREEUSDT | +0.0100% | 4h | 0.04732 | +0.005% | $5K | $918 | 5x | as long as short |
| Bybit TREEUSDTshort | +0.0100% | 4h | 0.04723 | −0.190% | $887K | $687K | 25x | |
| Gate TREE_USDT | +0.0100% | 4h | 0.04726 | −0.127% | $102K | $72K | 20x | as long as short |
| Bitget TREEUSDT | +0.0100% | 4h | 0.04731 | −0.021% | $1.8M | $210K | 5x | as long as short |
Variational Omni TREE
KuCoin TREEUSDTM
BingX TREE-USDT
MEXC TREE_USDT
Aster TREEUSDT
Gate TREE_USDT
Bitget TREEUSDT