Funding you earn now, next payment 04:00 UTC−0.0200%/8h= −21.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Gate−0.250%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$573as in the Funding arb table
Net, price: spread back to 7d avg − costs−$595as in the Price arb table
costs, in and out, $10k−$5715.707% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.310%+$31 · spread now −0.250%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BingX is 0.242% cheaper against Gate than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 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 | 0.04801 | 0.0100 | pay 0.0050% / 4h | 2m 01s | $104K | $80K | 20x |
| Short | BingX TREE-USDT | 0.04789 | −0.0100 | pay 0.0050% / 4h | 2m 01s | — | $2.3M | — |
Gate TREE_USDT
BingX TREE-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42
- Price spread: −0.250% → −0.008%
- −$24.23
- Slippage, 4 orders
- −$545.68
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$636.91
- Costs to cover
- 5.707%
- Break-even
- never at this rate
Slippage from Gate: live order book, 60 min ago; BingX: live order book, 6 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, 60 min ago | 16.10 bp | 242.6 bp −$243 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 8.33 bp | 41.4 bp −$41 | 85.2 bp −$852 | 862.1 bp −$86.2K | 1216.6 bp −$608.3K |
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 | −0.0669% | 4h | 0.04823 | +0.461% | $10K | $3 | — | as long as short |
| KuCoin TREEUSDTM | −0.0208% | 4h | 0.04779 | −0.458% | $205K | $51K | 10x | as long as short |
| Binance TREEUSDT | −0.0130% | 4h | 0.04785 | −0.330% | $2.0M | $4.2M | 10x | as long as short |
| MEXC TREE_USDT | −0.0130% | 4h | 0.04793 | −0.167% | $24K | $85K | 20x | as long as short |
| BingX TREE-USDTshort | −0.0100% | 4h | 0.04789 | −0.250% | — | $2.3M | — | |
| Aster TREEUSDT | −0.0033% | 4h | 0.04794 | −0.154% | $4K | $2K | 5x | as long as short |
| Bybit TREEUSDT | +0.0100% | 4h | 0.04779 | −0.458% | $957K | $887K | 25x | as long as short |
| Gate TREE_USDTlong | +0.0100% | 4h | 0.04801 | long leg | $104K | $80K | 20x | |
| Bitget TREEUSDT | +0.0100% | 4h | 0.04794 | −0.146% | $1.9M | $250K | 5x | as long as short |
Variational Omni TREE
KuCoin TREEUSDTM
Binance TREEUSDT
MEXC TREE_USDT
Aster TREEUSDT
Bybit TREEUSDT
Bitget TREEUSDT