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 Bitget+0.105%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1211.209% 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)−0.188%−$19 · spread now +0.105%, 7d avg +0.025%
Together, before fees−0.189%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 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 0.080% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CELOUSDT0.095000.0100pay 0.0100% / 8h4h 58m$863K$456K50x
ShortHyperliquid CELO0.095100.0100get 0.0013% / 1h58m 28s$206K$220K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.105% → +0.025%
$8.02
Slippage, 4 orders
−$99.94
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$112.92
Costs to cover
1.209%
Break-even
never at this rate
Slippage from Bitget: live order book, 62 min ago; Hyperliquid: live order book, 31 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, 62 min ago3.16 bp34.6 bp −$35149.7 bp −$1,497doesn't fitdoesn't fit
Sell Hyperliquid live order book, 31 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−0.1406%1h0.09520+0.214%$19K$8K10xas long as short
Variational Omni CELO+0.0010%8h0.09501+0.007%$10K$462as long as short
Hyperliquid CELOshort+0.0100%1h0.09510+0.105%$206K$220K3x
Binance CELOUSDT+0.0100%8h0.09522+0.228%$1.9M$4.0M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09504+0.042%$1.3M$890K50xas long as short
OKX CELO-USDT-SWAP+0.0100%8h0.09502+0.021%$492K$942K20xas long as short
Gate CELO_USDT+0.0100%8h0.09524+0.253%$136K$79K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09505+0.053%$599K$264K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09510+0.105%$329K$273K50xas long as short
Bitget CELOUSDTlong+0.0100%8h0.09500long leg$863K$456K50x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CELO-USDT+0.0100%8h0.09502+0.021%$2.4Mas long as short
BloFin CELO-USDT+0.0115%8h0.09528+0.295%$102K$20K75xas long as short
Injective CELO/USDC PERP+0.5000%1h0.1007+6.000%$759$7705.5xas long as short