Settings8H · net · $10k
Funding arb · Price arb /

TREE

all TREE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit−0.044%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1451.451% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.044%, 7d avg −0.049%
Together, before fees+0.154%+$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TREEUSDT0.044980.0100pay 0.0050% / 4h37m 34s$859K$529K25x
ShortBitget TREEUSDT0.044960.0100get 0.0050% / 4h37m 34s$1.7M$200K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.044% → −0.049%
$0.41
Slippage, 4 orders
−$122.07
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$144.67
Costs to cover
1.451%
Break-even
never at this rate
Slippage from Bybit: live order book, 37 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 37 min ago5.54 bp41.9 bp −$42517.6 bp −$5,176doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago7.77 bp23.4 bp −$2380.9 bp −$809doesn't fitdoesn't fit

TREE on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX TREE-USDT+0.0070%4h0.044980.000%$2.3Mas long as short
Aster TREEUSDT+0.0100%4h0.04498+0.001%$5K$4605xas long as short
Binance TREEUSDT+0.0100%4h0.04500+0.044%$1.9M$2.3M10xas long as short
Bybit TREEUSDTlong+0.0100%4h0.04498long leg$859K$529K25x
Gate TREE_USDT+0.0100%4h0.04501+0.067%$98K$77K20xas long as short
MEXC TREE_USDT+0.0100%4h0.04500+0.044%$23K$83K20xas long as short
KuCoin TREEUSDTM+0.0100%4h0.04497−0.022%$235K$35K10xas long as short
Bitget TREEUSDTshort+0.0100%4h0.04496−0.044%$1.7M$200K5x
Variational Omni TREE+0.0100%4h0.04508+0.232%$10K$3as long as short