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: Bybit against Aster+0.050%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.050% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TREEUSDT	0.04511	0.0100	pay 0.0050% / 4h	55m 30s	$5K	$460	5x
Short	Bybit TREEUSDT	0.04513	0.0100	get 0.0050% / 4h	55m 30s	$864K	$534K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → 0.000%: $5
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$14
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 20 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 20 min ago	5.54 bp	48.2 bp −$48	363.4 bp −$3,634	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.04512	+0.028%	—	$2.3M	—	as long as short
Aster TREEUSDTlong	+0.0100%	4h	0.04511	long leg	$5K	$460	5x
Binance TREEUSDT	+0.0100%	4h	0.04513	+0.050%	$1.9M	$2.3M	10x	as long as short
Bybit TREEUSDTshort	+0.0100%	4h	0.04513	+0.050%	$864K	$534K	25x
Gate TREE_USDT	+0.0100%	4h	0.04513	+0.050%	$98K	$76K	20x	as long as short
MEXC TREE_USDT	+0.0100%	4h	0.04513	+0.050%	$25K	$82K	20x	as long as short
KuCoin TREEUSDTM	+0.0100%	4h	0.04509	−0.039%	$235K	$35K	10x	as long as short
Bitget TREEUSDT	+0.0100%	4h	0.04511	+0.006%	$1.7M	$189K	5x	as long as short
Variational Omni TREE	+0.0100%	4h	0.04510	−0.008%	$10K	$3	—	as long as short