Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.008%
Price spread now: Bybit against BingX+0.090%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1621.621% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.090%, 7d avg +0.006%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.084% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TREE-USDT | 0.04463 | 0.0070 | pay 0.0035% / 4h | 1h 52m | — | $2.3M | — |
| Short | Bybit TREEUSDT | 0.04467 | 0.0100 | get 0.0050% / 4h | 1h 52m | $858K | $541K | 25x |
BingX TREE-USDT
Bybit TREEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- $6.3
- Price spread: +0.090% → +0.006%
- $8.35
- Slippage, 4 orders
- −$141.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$147.5
- Costs to cover
- 1.621%
- Break-even
- 170.9 days
Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 28 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, 11 min ago | 6.73 bp | 36.7 bp −$37 | 80.8 bp −$808 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 28 min ago | 5.58 bp | 47.3 bp −$47 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX TREE-USDTlong | +0.0070% | 4h | 0.04463 | long leg | — | $2.3M | — | |
| Aster TREEUSDT | +0.0100% | 4h | 0.04465 | +0.042% | $5K | $460 | 5x | as long as short |
| Binance TREEUSDT | +0.0100% | 4h | 0.04464 | +0.022% | $1.9M | $2.3M | 10x | as long as short |
| Bybit TREEUSDTshort | +0.0100% | 4h | 0.04467 | +0.090% | $858K | $541K | 25x | |
| Gate TREE_USDT | +0.0100% | 4h | 0.04463 | 0.000% | $91K | $72K | 20x | as long as short |
| MEXC TREE_USDT | +0.0100% | 4h | 0.04464 | +0.022% | $25K | $82K | 20x | as long as short |
| KuCoin TREEUSDTM | +0.0100% | 4h | 0.04462 | −0.022% | $231K | $34K | 10x | as long as short |
| Bitget TREEUSDT | +0.0100% | 4h | 0.04462 | −0.022% | $1.7M | $182K | 5x | as long as short |
| Variational Omni TREE | +0.0100% | 4h | 0.04469 | +0.137% | $10K | $3 | — | as long as short |
Aster TREEUSDT
Binance TREEUSDT
Gate TREE_USDT
MEXC TREE_USDT
KuCoin TREEUSDTM
Bitget TREEUSDT
Variational Omni TREE