Funding arb · Price arb /

TREE

all TREE markets

Swap Backtest

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 KuCoin+0.089%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,131as in the Price arb table

costs, in and out, $10k−$1,14611.464% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.089%, 7d avg −0.067%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.157% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TREEUSDTM	0.04491	0.0100	pay 0.0050% / 4h	33m 15s	$234K	$35K	10x
Short	Bitget TREEUSDT	0.04495	0.0100	get 0.0050% / 4h	33m 15s	$1.7M	$200K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.067%: $15.66
Slippage, 4 orders: −$1,122.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,130.74
Costs to cover: 11.464%
Break-even: never at this rate

Slippage from KuCoin: live order book, 27 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 27 min ago	11.09 bp	465.1 bp −$465	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	7.79 bp	24.5 bp −$24	77.7 bp −$777	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
BingX TREE-USDT	+0.0070%	4h	0.04496	+0.111%	—	$2.3M	—	as long as short
Aster TREEUSDT	+0.0100%	4h	0.04496	+0.120%	$5K	$460	5x	as long as short
Binance TREEUSDT	+0.0100%	4h	0.04496	+0.118%	$1.9M	$2.3M	10x	as long as short
Bybit TREEUSDT	+0.0100%	4h	0.04495	+0.089%	$859K	$529K	25x	as long as short
Gate TREE_USDT	+0.0100%	4h	0.04499	+0.178%	$98K	$77K	20x	as long as short
MEXC TREE_USDT	+0.0100%	4h	0.04495	+0.089%	$23K	$83K	20x	as long as short
KuCoin TREEUSDTMlong	+0.0100%	4h	0.04491	long leg	$234K	$35K	10x
Bitget TREEUSDTshort	+0.0100%	4h	0.04495	+0.089%	$1.7M	$200K	5x
Variational Omni TREE	+0.0100%	4h	0.04497	+0.133%	$10K	$3	—	as long as short