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

TREE

all TREE markets
SwapBacktest
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 Bitget+0.067%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1531.533% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.080%−$8 on $10k
Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.067%, 7d avg +0.049%
Together, before fees−0.171%−$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TREEUSDT0.045110.0100pay 0.0050% / 4h54m 59s$1.7M$189K5x
ShortBybit TREEUSDT0.045140.0100get 0.0050% / 4h54m 59s$864K$534K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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
$0
Price spread: +0.067% → +0.049%
$1.76
Slippage, 4 orders
−$130.3
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$151.54
Costs to cover
1.533%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 20 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 Bitget live order book, 2 min ago7.76 bp24.7 bp −$25115.4 bp −$1,154doesn't fitdoesn't fit
Sell Bybit live order book, 20 min ago5.54 bp48.2 bp −$48363.4 bp −$3,634doesn'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
BingX TREE-USDT+0.0070%4h0.04512+0.022%$2.3Mas long as short
Aster TREEUSDT+0.0100%4h0.045110.000%$5K$4605xas long as short
Binance TREEUSDT+0.0100%4h0.04515+0.082%$1.9M$2.3M10xas long as short
Bybit TREEUSDTshort+0.0100%4h0.04514+0.067%$864K$534K25x
Gate TREE_USDT+0.0100%4h0.04512+0.022%$98K$76K20xas long as short
MEXC TREE_USDT+0.0100%4h0.04514+0.067%$25K$82K20xas long as short
KuCoin TREEUSDTM+0.0100%4h0.04509−0.044%$235K$35K10xas long as short
Bitget TREEUSDTlong+0.0100%4h0.04511long leg$1.7M$189K5x
Variational Omni TREE+0.0100%4h0.04515+0.086%$10K$3as long as short