Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.008%
Price spread now: BingX against Bybit−0.067%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1311.306% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.067%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.061% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TREEUSDT | 0.04477 | 0.0100 | pay 0.0050% / 4h | 2h 21m | $859K | $567K | 25x |
| Short | BingX TREE-USDT | 0.04474 | 0.0070 | get 0.0035% / 4h | 2h 21m | — | $2.3M | — |
Bybit TREEUSDT
BingX TREE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$6.3
- Price spread: −0.067% → −0.006%
- −$6.14
- Slippage, 4 orders
- −$109.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$143.05
- Costs to cover
- 1.306%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 63 min ago; BingX: live order book, 7 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, 63 min ago | 2.23 bp | 36.1 bp −$36 | 534.6 bp −$5,346 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 6.71 bp | 31.1 bp −$31 | 72.4 bp −$724 | 1190.3 bp −$119.0K | 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-USDTshort | +0.0070% | 4h | 0.04474 | −0.067% | — | $2.3M | — | |
| Aster TREEUSDT | +0.0100% | 4h | 0.04473 | −0.089% | $5K | $460 | 5x | as long as short |
| Binance TREEUSDT | +0.0100% | 4h | 0.04475 | −0.045% | $1.9M | $2.3M | 10x | as long as short |
| Bybit TREEUSDTlong | +0.0100% | 4h | 0.04477 | long leg | $859K | $567K | 25x | |
| Gate TREE_USDT | +0.0100% | 4h | 0.04471 | −0.134% | $91K | $73K | 20x | as long as short |
| MEXC TREE_USDT | +0.0100% | 4h | 0.04476 | −0.022% | $25K | $83K | 20x | as long as short |
| KuCoin TREEUSDTM | +0.0100% | 4h | 0.04471 | −0.134% | $232K | $35K | 10x | as long as short |
| Bitget TREEUSDT | +0.0100% | 4h | 0.04471 | −0.134% | $1.7M | $183K | 5x | as long as short |
| Variational Omni TREE | +0.0100% | 4h | 0.04474 | −0.059% | $10K | $3 | — | as long as short |
Aster TREEUSDT
Binance TREEUSDT
Gate TREE_USDT
MEXC TREE_USDT
KuCoin TREEUSDTM
Bitget TREEUSDT
Variational Omni TREE