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: BingX against Bitget+0.185%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1551.554% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 7 days−0.140%−$14 · spread now +0.185%, 7d avg +0.059%
=The price spread pays, funding is against you. BingX is 0.126% dearer against Bitget than usual: you sell high and buy low (spread +0.185% now, against its 7-day average of +0.059%): +$13 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.045% in total) that is about 20 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.4% 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 | Bitget TREEUSDT | 0.04863 | 0.0100 | pay 0.0050% / 4h | 5m 30s | $1.9M | $243K | 5x |
| Short | BingX TREE-USDT | 0.04872 | −0.0096 | pay 0.0048% / 4h | 5m 30s | — | $2.3M | — |
Bitget TREEUSDT
BingX TREE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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: +0.185% → +0.059%
- $12.63
- Slippage, 4 orders
- −$133.38
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$183.91
- Costs to cover
- 1.554%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 3 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 Bitget live order book, 1 min ago | 11.48 bp | 46.3 bp −$46 | 223.6 bp −$2,236 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 8.33 bp | 41.4 bp −$41 | 85.2 bp −$852 | 862.1 bp −$86.2K | 1216.6 bp −$608.3K |
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 | −0.0669% | 4h | 0.04823 | −0.819% | $10K | $3 | — | as long as short |
| Binance TREEUSDT | −0.0098% | 4h | 0.04876 | +0.266% | $2.0M | $4.1M | 10x | as long as short |
| KuCoin TREEUSDTM | −0.0098% | 4h | 0.04863 | 0.000% | $212K | $49K | 10x | as long as short |
| BingX TREE-USDTshort | −0.0096% | 4h | 0.04872 | +0.185% | — | $2.3M | — | |
| MEXC TREE_USDT | −0.0094% | 4h | 0.04857 | −0.123% | $25K | $85K | 20x | as long as short |
| Aster TREEUSDT | +0.0009% | 4h | 0.04879 | +0.333% | $4K | $2K | 5x | as long as short |
| Bybit TREEUSDT | +0.0100% | 4h | 0.04867 | +0.082% | $943K | $860K | 25x | as long as short |
| Gate TREE_USDT | +0.0100% | 4h | 0.04872 | +0.185% | $105K | $75K | 20x | as long as short |
| Bitget TREEUSDTlong | +0.0100% | 4h | 0.04863 | long leg | $1.9M | $243K | 5x |
Variational Omni TREE
Binance TREEUSDT
KuCoin TREEUSDTM
MEXC TREE_USDT
Aster TREEUSDT
Bybit TREEUSDT
Gate TREE_USDT