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: Gate against Bitget+0.265%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$296as in the Price arb table
costs, in and out, $10k−$3193.189% 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)−0.271%−$27 · spread now +0.265%, 7d avg +0.038%
Together, before fees−0.271%−$27 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: Gate is 0.228% dearer against Bitget than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CELOUSDT0.094250.0100pay 0.0100% / 8h4h 05m$854K$431K50x
ShortGate CELO_USDT0.094500.0100get 0.0100% / 8h4h 05m$135K$79K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.265% → +0.038%
$22.77
Slippage, 4 orders
−$291.9
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$296.13
Costs to cover
3.189%
Break-even
never at this rate
Slippage from Bitget: live order book, 50 min ago; Gate: live order book, 27 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, 50 min ago4.20 bp34.4 bp −$34232.2 bp −$2,322doesn't fitdoesn't fit
Sell Gate live order book, 27 min ago5.78 bp122.3 bp −$122doesn'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−0.1417%1h0.09445+0.217%$19K$8K10xas long as short
Variational Omni CELO−0.0036%8h0.09422−0.033%$10K$462as long as short
BloFin CELO-USDT+0.0083%8h0.09472+0.499%$100K$20K75xas long as short
Hyperliquid CELO+0.0100%1h0.09431+0.063%$206K$220K3xas long as short
Binance CELOUSDT+0.0100%8h0.09432+0.072%$1.9M$3.9M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09418−0.074%$1.3M$905K50xas long as short
OKX CELO-USDT-SWAP+0.0100%8h0.09426+0.011%$485K$898K20xas long as short
Gate CELO_USDTshort+0.0100%8h0.09450+0.265%$135K$79K50x
MEXC CELO_USDT+0.0100%8h0.09426+0.011%$593K$267K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09460+0.371%$327K$270K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CELOUSDTlong+0.0100%8h0.09425long leg$854K$431K50x
BingX CELO-USDT+0.0100%8h0.09434+0.095%$2.4Mas long as short
Injective CELO/USDC PERP+0.5000%1h0.1003+6.419%$756$9035.5xas long as short