Funding you earn now, next payment 08:00 UTC−0.0778%/8h= −85.2% APRnext payment −$3.89 per $10,000 · paid last 24h −0.018%
Price spread now: BingX against Bybit+0.021%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1551.552% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.021%, 7d avg −0.005%
=The price spread pays, funding is against you. BingX is 0.026% dearer against Bybit than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.005%): +$3 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.073% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.89 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 | Bybit TREEUSDT | 0.04686 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $929K | $1.1M | 25x |
| Short | BingX TREE-USDT | 0.04687 | −0.0678 | pay 0.0339% / 4h | 2h 32m | — | $2.3M | — |
Bybit TREEUSDT
BingX TREE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$163.38
- Price spread: +0.021% → −0.005%
- $2.6
- Slippage, 4 orders
- −$134.19
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$315.97
- Costs to cover
- 1.552%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 8 min ago; BingX: live order book, 1 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 Bybit live order book, 8 min ago | 4.30 bp | 45.7 bp −$46 | 862.2 bp −$8,622 | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 8.54 bp | 38.4 bp −$38 | 87.0 bp −$870 | 767.7 bp −$76.8K | 1162.9 bp −$581.4K |
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 | −0.1270% | 4h | 0.04678 | −0.176% | $10K | $1 | — | as long as short |
| BingX TREE-USDTshort | −0.0678% | 4h | 0.04687 | +0.021% | — | $2.3M | — | |
| MEXC TREE_USDT | −0.0656% | 4h | 0.04687 | +0.021% | $23K | $83K | 20x | as long as short |
| Binance TREEUSDT | −0.0647% | 4h | 0.04689 | +0.064% | $2.0M | $5.1M | 10x | as long as short |
| KuCoin TREEUSDTM | −0.0582% | 4h | 0.04685 | −0.021% | $206K | $56K | 10x | as long as short |
| Aster TREEUSDT | −0.0415% | 4h | 0.04690 | +0.087% | $4K | $2K | 5x | as long as short |
| Bybit TREEUSDTlong | +0.0100% | 4h | 0.04686 | long leg | $929K | $1.1M | 25x | |
| Gate TREE_USDT | +0.0100% | 4h | 0.04686 | 0.000% | $95K | $92K | 20x | as long as short |
| Bitget TREEUSDT | +0.0100% | 4h | 0.04685 | −0.021% | $1.8M | $281K | 5x | as long as short |
Variational Omni TREE
MEXC TREE_USDT
Binance TREEUSDT
KuCoin TREEUSDTM
Aster TREEUSDT
Gate TREE_USDT
Bitget TREEUSDT