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

TREE

all TREE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.22 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against KuCoin+0.064%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,963as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,964as in the Price arb table
costs, in and out, $10k−$1,97119.715% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.085%+$9 on $10k
Price spread, last 4 days (all we have)−0.208%−$21 · spread now +0.064%, 7d avg −0.010%
Together, before fees−0.123%−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.074% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TREEUSDTM0.046960.0056pay 0.0028% / 4h1h 17m$209K$44K10x
ShortGate TREE_USDT0.046990.0100get 0.0050% / 4h1h 17m$102K$72K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$9.24
Price spread: +0.064% → −0.010%
$7.35
Slippage, 4 orders
−$1,944.48
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$1,954.88
Costs to cover
19.715%
Break-even
1488.0 days
Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 50 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 KuCoin live order book, 3 min ago18.08 bp641.1 bp −$641doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 50 min ago12.78 bp193.7 bp −$194doesn't fitdoesn'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
Variational Omni TREE−0.0226%4h0.04710+0.301%$10K$3as long as short
BingX TREE-USDT+0.0040%4h0.04700+0.085%$2.3Mas long as short
MEXC TREE_USDT+0.0052%4h0.04697+0.021%$24K$84K20xas long as short
Binance TREEUSDT+0.0054%4h0.04697+0.013%$1.9M$3.4M10xas long as short
KuCoin TREEUSDTMlong+0.0056%4h0.04696long leg$209K$44K10x
Aster TREEUSDT+0.0100%4h0.04696−0.010%$5K$9185xas long as short
Bybit TREEUSDT+0.0100%4h0.04698+0.043%$876K$702K25xas long as short
Gate TREE_USDTshort+0.0100%4h0.04699+0.064%$102K$72K20x
Bitget TREEUSDT+0.0100%4h0.04693−0.064%$1.8M$211K5xas long as short