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

CELO

all CELO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX+0.107%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1411.410% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.107%, 7d avg −0.054%
Together, before fees−0.212%−$21 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: Bitget is 0.161% dearer against BingX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CELO-USDT0.093360.0100pay 0.0100% / 8h3h 09m$2.4M
ShortBitget CELOUSDT0.093460.0100get 0.0100% / 8h3h 09m$843K$417K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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: +0.107% → −0.054%
$16.12
Slippage, 4 orders
−$118.97
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$124.85
Costs to cover
1.410%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Bitget: live order book, 42 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 BingX live order book, 10 min ago5.32 bp23.3 bp −$2372.6 bp −$726942.5 bp −$94.2K1277.9 bp −$638.9K
Sell Bitget live order book, 42 min ago5.83 bp48.0 bp −$48174.6 bp −$1,746doesn'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−0.1186%1h0.09339+0.035%$18K$8K10xas long as short
Variational Omni CELO−0.0021%8h0.09366+0.319%$10K$462as long as short
BloFin CELO-USDT+0.0079%8h0.09328−0.086%$98K$20K75xas long as short
Hyperliquid CELO+0.0100%1h0.09339+0.029%$204K$205K3xas long as short
Binance CELOUSDT+0.0100%8h0.09342+0.064%$1.9M$3.7M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09330−0.064%$1.3M$845K50xas long as short
OKX CELO-USDT-SWAP+0.0100%8h0.09318−0.193%$479K$805K20xas long as short
Gate CELO_USDT+0.0100%8h0.09370+0.364%$135K$79K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09324−0.129%$568K$266K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09350+0.150%$323K$268K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CELOUSDTshort+0.0100%8h0.09346+0.107%$843K$417K50x
BingX CELO-USDTlong+0.0100%8h0.09336long leg$2.4M
Injective CELO/USDC PERP+0.5000%1h0.09940+6.470%$749$9895.5xas long as short