Settings8H · net · $10k
Funding arb · Price arb /

CELO

all CELO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance−0.007%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1101.098% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.007%, 7d avg −0.029%
Together, before fees−0.074%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 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: Hyperliquid is 0.022% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CELOUSDT0.095200.0100pay 0.0100% / 8h4h 57m$1.9M$4.0M50x
ShortHyperliquid CELO0.095190.0100get 0.0013% / 1h57m 05s$206K$220K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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: −0.007% → −0.029%
$2.2
Slippage, 4 orders
−$90.8
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$107.6
Costs to cover
1.098%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; Hyperliquid: live order book, 32 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 Binance live order book, 10 min ago2.63 bp28.2 bp −$28146.6 bp −$1,466doesn't fitdoesn't fit
Sell Hyperliquid live order book, 32 min ago2.47 bp29.8 bp −$30doesn't fitdoesn't fitdoesn't fit

CELO on 13 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
Kraken Futures PF_CELOUSD−0.1405%1h0.09522+0.020%$19K$8K10xas long as short
Variational Omni CELO+0.0010%8h0.09501−0.201%$10K$462as long as short
Hyperliquid CELOshort+0.0100%1h0.09519−0.007%$206K$220K3x
Binance CELOUSDTlong+0.0100%8h0.09520long leg$1.9M$4.0M50x
Bybit CELOUSDT+0.0100%8h0.09506−0.145%$1.3M$891K50xas long as short
OKX CELO-USDT-SWAP+0.0100%8h0.09504−0.166%$491K$942K20xas long as short
Gate CELO_USDT+0.0100%8h0.09512−0.082%$136K$79K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09497−0.239%$598K$264K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09510−0.103%$329K$273K50xas long as short
Bitget CELOUSDT+0.0100%8h0.09515−0.050%$864K$456K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CELO-USDT+0.0100%8h0.09519−0.008%$2.4Mas long as short
BloFin CELO-USDT+0.0129%8h0.09499−0.218%$102K$20K75xas long as short
Injective CELO/USDC PERP+0.5000%1h0.1006+5.675%$759$7865.5xas long as short