Funding you earn now, next payment 08:00 UTC−0.0433%/8h= −47.5% APRnext payment −$2.17 per $10,000 · paid last 24h −0.015%
Price spread now: Binance against Bybit+0.075%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1561.559% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.075%, 7d avg −0.008%
=The price spread pays, funding is against you. Binance is 0.083% dearer against Bybit than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of −0.008%): +$8 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.059% in total) that is about 9.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.17 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TREEUSDT | 0.04769 | −0.0426 | get 0.0213% / 4h | 3h 02m | $918K | $1.0M | 25x |
| Short | Binance TREEUSDT | 0.04773 | −0.0860 | pay 0.0430% / 4h | 3h 02m | $2.0M | $4.7M | 10x |
Bybit TREEUSDT
Binance TREEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$91.02
- Price spread: +0.075% → −0.008%
- $8.29
- Slippage, 4 orders
- −$134.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$238.68
- Costs to cover
- 1.559%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 48 min ago; Binance: live order book, 5 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 Bybit live order book, 48 min ago | 3.12 bp | 35.2 bp −$35 | 681.4 bp −$6,814 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 3.16 bp | 42.2 bp −$42 | 94.4 bp −$944 | 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 | −0.1677% | 4h | 0.04766 | −0.059% | $10K | $1 | — | as long as short |
| MEXC TREE_USDT | −0.0870% | 4h | 0.04773 | +0.084% | $23K | $85K | 20x | as long as short |
| Binance TREEUSDTshort | −0.0860% | 4h | 0.04773 | +0.075% | $2.0M | $4.7M | 10x | |
| BingX TREE-USDT | −0.0836% | 4h | 0.04779 | +0.210% | — | $2.3M | — | as long as short |
| KuCoin TREEUSDTM | −0.0690% | 4h | 0.04783 | +0.294% | $205K | $53K | 10x | as long as short |
| Aster TREEUSDT | −0.0596% | 4h | 0.04779 | +0.204% | $4K | $2K | 5x | as long as short |
| Bybit TREEUSDTlong | −0.0426% | 4h | 0.04769 | long leg | $918K | $1.0M | 25x | |
| Gate TREE_USDT | +0.0100% | 4h | 0.04785 | +0.336% | $105K | $85K | 20x | as long as short |
| Bitget TREEUSDT | +0.0100% | 4h | 0.04781 | +0.252% | $1.9M | $262K | 5x | as long as short |
Variational Omni TREE
MEXC TREE_USDT
BingX TREE-USDT
KuCoin TREEUSDTM
Aster TREEUSDT
Gate TREE_USDT
Bitget TREEUSDT