Funding you earn now, next payment 04:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.98 per $10,000 · paid last 24h +0.009%
Price spread now: Gate against BingX−0.125%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$568as in the Funding arb table
Net, price: spread back to 7d avg − costs−$584as in the Price arb table
costs, in and out, $10k−$5715.707% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.125%, 7d avg +0.008%
=Funding pays, the price is against you. Gate is 0.132% cheaper against BingX than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of +0.008%). If the spread goes back, that is −$13 on $10k: about 2.3 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.024% in total) that is about 39 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TREE-USDT | 0.04812 | −0.0096 | get 0.0048% / 4h | 6m 33s | — | $2.3M | — |
| Short | Gate TREE_USDT | 0.04806 | 0.0100 | get 0.0050% / 4h | 6m 33s | $105K | $74K | 20x |
BingX TREE-USDT
Gate TREE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $41.16
- Price spread: −0.125% → +0.008%
- −$13.23
- Slippage, 4 orders
- −$545.68
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$542.76
- Costs to cover
- 5.707%
- Break-even
- 99.3 days
Slippage from BingX: live order book, 2 min ago; Gate: live order book, 55 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, 2 min ago | 8.33 bp | 34.0 bp −$34 | 76.6 bp −$766 | doesn't fit | doesn't fit |
| Sell Gate live order book, 55 min ago | 16.10 bp | 252.6 bp −$253 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TREE | −0.0636% | 4h | 0.04803 | −0.195% | $10K | $3 | — | as long as short |
| BingX TREE-USDTlong | −0.0096% | 4h | 0.04812 | long leg | — | $2.3M | — | |
| Binance TREEUSDT | −0.0094% | 4h | 0.04826 | +0.296% | $2.0M | $4.0M | 10x | as long as short |
| MEXC TREE_USDT | −0.0094% | 4h | 0.04828 | +0.333% | $25K | $85K | 20x | as long as short |
| KuCoin TREEUSDTM | −0.0086% | 4h | 0.04807 | −0.104% | $210K | $49K | 10x | as long as short |
| Aster TREEUSDT | +0.0013% | 4h | 0.04794 | −0.369% | $4K | $2K | 5x | as long as short |
| Bybit TREEUSDT | +0.0100% | 4h | 0.04817 | +0.104% | $915K | $837K | 25x | as long as short |
| Gate TREE_USDTshort | +0.0100% | 4h | 0.04806 | −0.125% | $105K | $74K | 20x | |
| Bitget TREEUSDT | +0.0100% | 4h | 0.04826 | +0.291% | $1.9M | $241K | 5x | as long as short |
Variational Omni TREE
Binance TREEUSDT
MEXC TREE_USDT
KuCoin TREEUSDTM
Aster TREEUSDT
Bybit TREEUSDT
Bitget TREEUSDT