Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.19 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Bitget−0.359%85s7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1071.071% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 3 days (all we have)+0.274%+$27 · spread now −0.359%, 7d avg +0.037%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.396% cheaper against Bitget than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of +0.037%). Swap the legs. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CELOUSDT | 0.09476 | 0.0100 | pay 0.0100% / 8h | 33m 55s | $873K | $397K | 50x |
| Short | BloFin CELO-USDT | 0.09442 | 0.0081 | get 0.0081% / 8h | 33m 55s | $101K | $20K | 75x |
Bitget CELOUSDT
BloFin CELO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$4.09
- Price spread: −0.359% → +0.037%
- −$39.61
- Slippage, 4 orders
- −$83.06
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$150.76
- Costs to cover
- 1.071%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 42 min ago; BloFin: live order book, 3 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 Bitget live order book, 42 min ago | 4.88 bp | 30.0 bp −$30 | 135.9 bp −$1,359 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 6.35 bp | 28.3 bp −$28 | 85.2 bp −$852 | doesn't fit | doesn't fit |
CELO on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_CELOUSD | −0.0137% | 1h | 0.09489 | +0.142% | $19K | $8K | 10x | as long as short |
| Injective CELO/USDC PERP | +0.0033% | 1h | 0.09990 | +5.424% | $753 | $245 | 5.5x | as long as short |
| Variational Omni CELO | +0.0069% | 8h | 0.09443 | −0.349% | $10K | $1K | — | as long as short |
| BloFin CELO-USDTshort | +0.0081% | 8h | 0.09442 | −0.359% | $101K | $20K | 75x | |
| Hyperliquid CELO | +0.0100% | 1h | 0.09478 | +0.022% | $205K | $193K | 3x | as long as short |
| Binance CELOUSDT | +0.0100% | 8h | 0.09478 | +0.022% | $2.0M | $3.7M | 50x | as long as short |
| Bybit CELOUSDT | +0.0100% | 8h | 0.09466 | −0.106% | $1.3M | $847K | 50x | as long as short |
| OKX CELO-USDT-SWAP | +0.0100% | 8h | 0.09480 | +0.042% | $494K | $1.0M | 20x | as long as short |
| Gate CELO_USDT | +0.0100% | 8h | 0.09498 | +0.232% | $103K | $40K | 50x | as long as short |
| MEXC CELO_USDT | +0.0100% | 8h | 0.09484 | +0.084% | $630K | $263K | 50x | as long as short |
Kraken Futures PF_CELOUSD
Injective CELO/USDC PERP
Variational Omni CELO
Hyperliquid CELO
Binance CELOUSDT
Bybit CELOUSDT
OKX CELO-USDT-SWAP
Gate CELO_USDT
MEXC CELO_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CELOUSDTM | +0.0100% | 8h | 0.09470 | −0.063% | $331K | $269K | 50x | as long as short |
| Bitget CELOUSDTlong | +0.0100% | 8h | 0.09476 | long leg | $873K | $397K | 50x | |
| BingX CELO-USDT | +0.0100% | 8h | 0.09478 | +0.021% | — | $2.4M | — | as long as short |
KuCoin CELOUSDTM
BingX CELO-USDT