TREE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0650%/8h= −71.2% APRnext payment −$3.25 per $10,000 · paid last 24h −0.018%

Price spread now: BingX against Gate+0.021%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$529as in the Funding arb table

Net, price: spread back to 7d avg − costs−$519as in the Price arb table

costs, in and out, $10k−$5225.218% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.021%, 7d avg −0.006%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.027% dearer against Gate than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.006%): +$3 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.076% in total) that is about 2.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.25 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	Gate TREE_USDT	0.04699	0.0100	pay 0.0050% / 4h	2h 18m	$96K	$92K	20x
Short	BingX TREE-USDT	0.04700	−0.0550	pay 0.0275% / 4h	2h 18m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$136.5
Price spread: +0.021% → −0.006%: $2.69
Slippage, 4 orders: −$496.84
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$655.66
Costs to cover: 5.218%
Break-even: never at this rate

Slippage from Gate: live order book, 33 min ago; BingX: live order book, 14 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 Gate live order book, 33 min ago	14.86 bp	224.8 bp −$225	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	8.54 bp	38.4 bp −$38	87.0 bp −$870	767.7 bp −$76.8K	1162.9 bp −$581.4K

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	−0.1065%	4h	0.04679	−0.432%	$10K	$1	—	as long as short
BingX TREE-USDTshort	−0.0550%	4h	0.04700	+0.021%	—	$2.3M	—
MEXC TREE_USDT	−0.0538%	4h	0.04702	+0.064%	$23K	$84K	20x	as long as short
Binance TREEUSDT	−0.0526%	4h	0.04703	+0.093%	$2.0M	$5.1M	10x	as long as short
KuCoin TREEUSDTM	−0.0502%	4h	0.04697	−0.043%	$207K	$56K	10x	as long as short
Aster TREEUSDT	−0.0323%	4h	0.04704	+0.108%	$4K	$2K	5x	as long as short
Bybit TREEUSDT	+0.0100%	4h	0.04697	−0.043%	$931K	$1.1M	25x	as long as short
Gate TREE_USDTlong	+0.0100%	4h	0.04699	long leg	$96K	$92K	20x
Bitget TREEUSDT	+0.0100%	4h	0.04696	−0.064%	$1.8M	$280K	5x	as long as short