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 KuCoin+0.089%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,248as in the Price arb table
costs, in and out, $10k−$1,25912.586% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.089%, 7d avg −0.020%
Together, before fees−0.135%−$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.109% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TREEUSDTM0.045050.0100pay 0.0050% / 4h1h 14m$235K$35K10x
ShortBybit TREEUSDT0.045090.0100get 0.0050% / 4h1h 14m$863K$534K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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: +0.089% → −0.020%
$10.87
Slippage, 4 orders
−$1,235.6
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$1,247.73
Costs to cover
12.586%
Break-even
never at this rate
Slippage from KuCoin: live order book, 56 min ago; Bybit: live order book, 1 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 KuCoin live order book, 56 min ago13.44 bp451.9 bp −$452doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 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%4h0.04509+0.089%$2.3Mas long as short
Aster TREEUSDT+0.0100%4h0.04508+0.066%$5K$4605xas long as short
Binance TREEUSDT+0.0100%4h0.04510+0.111%$1.9M$2.3M10xas long as short
Bybit TREEUSDTshort+0.0100%4h0.04509+0.089%$863K$534K25x
Gate TREE_USDT+0.0100%4h0.04509+0.089%$98K$77K20xas long as short
MEXC TREE_USDT+0.0100%4h0.04510+0.111%$25K$84K20xas long as short
KuCoin TREEUSDTMlong+0.0100%4h0.04505long leg$235K$35K10x
Bitget TREEUSDT+0.0100%4h0.04507+0.044%$1.7M$187K5xas long as short
Variational Omni TREE+0.0100%4h0.04506+0.021%$10K$3as long as short