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

TREE

All TREE markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotTREEUSDT
0.03138spotno funding——$110K1xBuy Bybit Spot
SHORT
BybitTREEUSDT
0.03129+0.0100get 0.0050% / 4h2h 00m$638K$515K25xShort Bybit
Price gap−0.287%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.141% under its 7d average: −$14 if it goes back, about 4.7 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$17+0.0100% /8h now · paid +0.174% over the last 7D
Price−$14spread −0.287% now, avg −0.146% → −0.141% if it goes back
Costs−$3,55535.548% of $10k · taker + slippage, in and out
Result−$3,551−35.51%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.287%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

TREE on 9 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size3400.9 / 36.1 bp
    At $10k entering Bybit Spot costs 3400.9 bp, fee and slippage, 94.1× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $400
    The spot leg is bought with the whole $10k; Bybit runs at up to 25x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Bybit settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.287% vs −0.146%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$638K OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0083%/8h × 21 periods+$17.38
Price spread−0.287% → −0.146% (7d avg)−$14.07
Slippage, 4 orderslive order books−$3,523.77
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$3,551.46
Costs to cover35.548%Break-even1437.2 days
Slippage: Bybit Spot: live order book, 15 min ago; Bybit: live order book, 7 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot6.343400.9 bp−$3,401doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit4.7836.1 bp−$36doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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