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: BingX against Bitget0.000%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1251.248% 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)+0.041%+$4 · spread now 0.000%, 7d avg +0.056%
Together, before fees+0.041%+$4 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: BingX is 0.056% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CELOUSDT0.092980.0100pay 0.0100% / 8h1h 08m$845K$452K50x
ShortBingX CELO-USDT0.092980.0100get 0.0100% / 8h1h 08m$2.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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: 0.000% → +0.056%
−$5.56
Slippage, 4 orders
−$102.82
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$130.38
Costs to cover
1.248%
Break-even
never at this rate
Slippage from Bitget: live order book, 32 min ago; BingX: live order book, 11 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 Bitget live order book, 32 min ago4.84 bp34.9 bp −$35227.9 bp −$2,279doesn't fitdoesn't fit
Sell BingX live order book, 11 min ago5.91 bp29.8 bp −$3076.0 bp −$760810.8 bp −$81.1K1186.8 bp −$593.4K

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−0.0701%1h0.09306+0.084%$18K$8K10xas long as short
Variational Omni CELO+0.0059%8h0.09274−0.260%$10K$62as long as short
BloFin CELO-USDT+0.0090%8h0.09292−0.065%$97K$19K75xas long as short
Hyperliquid CELO+0.0100%1h0.09296−0.020%$204K$195K3xas long as short
Binance CELOUSDT+0.0100%8h0.09294−0.047%$1.9M$3.3M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09287−0.118%$1.3M$807K50xas long as short
OKX CELO-USDT-SWAP+0.0100%8h0.09290−0.086%$489K$712K20xas long as short
Gate CELO_USDT+0.0100%8h0.09297−0.011%$133K$74K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09286−0.129%$567K$256K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09290−0.086%$320K$263K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CELOUSDTlong+0.0100%8h0.09298long leg$845K$452K50x
BingX CELO-USDTshort+0.0100%8h0.092980.000%$2.4M
Injective CELO/USDC PERP+0.5000%1h0.09890+6.367%$746$1K5.5xas long as short