TREE arbitrage between Astar DEX and Bybit: we compare the price of TREE on Astar DEX (futures) and Bybit (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

TREE: Bybit — deposit open, withdrawal open.

Open interest in TREE right now — $8.9M: Binance $3.7M, BingX $2.0M, Bitget $1.8M, Bybit $919.0K, KuCoin $516.5K. See OI TREE.

About TREE arbitrage

How do I read the TREE spread?

The spread is how many percent higher TREE trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Astar DEX and Bybit. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get TREE alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.