Funding you earn now, next payment 04:00 UTC−0.0150%/8h= −16.5% APRnext payment −$0.75 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Gate−0.085%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$585as in the Funding arb table
Net, price: spread back to 7d avg − costs−$573as in the Price arb table
costs, in and out, $10k−$5665.656% of the position
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.085%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.073% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TREE_USDT | 0.04691 | 0.0100 | pay 0.0050% / 4h | 57m 32s | $101K | $70K | 20x |
| Short | Binance TREEUSDT | 0.04687 | −0.0050 | pay 0.0025% / 4h | 57m 32s | $1.9M | $3.4M | 10x |
Gate TREE_USDT
Binance TREEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$31.6
- Price spread: −0.085% → −0.013%
- −$7.26
- Slippage, 4 orders
- −$540.57
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$604.43
- Costs to cover
- 5.656%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Binance: live order book, 8 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 Gate live order book, 4 min ago | 16.10 bp | 242.6 bp −$243 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 2.15 bp | 40.4 bp −$40 | 102.3 bp −$1,023 | 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 | −0.0271% | 4h | 0.04656 | −0.745% | $10K | $3 | — | as long as short |
| Binance TREEUSDTshort | −0.0050% | 4h | 0.04687 | −0.085% | $1.9M | $3.4M | 10x | |
| BingX TREE-USDT | −0.0050% | 4h | 0.04689 | −0.043% | — | $2.3M | — | as long as short |
| MEXC TREE_USDT | −0.0046% | 4h | 0.04681 | −0.213% | $24K | $82K | 20x | as long as short |
| KuCoin TREEUSDTM | −0.0044% | 4h | 0.04683 | −0.171% | $210K | $44K | 10x | as long as short |
| Aster TREEUSDT | +0.0017% | 4h | 0.04689 | −0.034% | $5K | $918 | 5x | as long as short |
| Bybit TREEUSDT | +0.0100% | 4h | 0.04682 | −0.192% | $862K | $731K | 25x | as long as short |
| Gate TREE_USDTlong | +0.0100% | 4h | 0.04691 | long leg | $101K | $70K | 20x | |
| Bitget TREEUSDT | +0.0100% | 4h | 0.04678 | −0.277% | $1.8M | $221K | 5x | as long as short |
Variational Omni TREE
BingX TREE-USDT
MEXC TREE_USDT
KuCoin TREEUSDTM
Aster TREEUSDT
Bybit TREEUSDT
Bitget TREEUSDT