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Funding arb · Price arb /

CELO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0023%/8h= −2.6% APRnext payment −$0.23 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against BloFin+0.327%111s7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as 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−$1091.087% of the position
Long on BloFinShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 3 days (all we have)−0.218%−$22 · spread now +0.327%, 7d avg +0.015%
Together, before fees−0.197%−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.313% dearer against BloFin than usual: you sell high and buy low (spread +0.327% now, against its 7-day average of +0.015%): +$31 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 days. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CELO-USDT0.094660.0123pay 0.0123% / 8h29m 16s$100K$20K75x
ShortBingX CELO-USDT0.094970.0100get 0.0100% / 8h29m 16s—$2.4M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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
−$4.93
Price spread: +0.327% → +0.015%
$31.26
Slippage, 4 orders
−$86.72
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$82.39
Costs to cover
1.087%
Break-even
never at this rate
Slippage from BloFin: live order book, 8 min ago; BingX: live order book, 5 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 BloFin live order book, 8 min ago6.35 bp21.3 bp −$2173.8 bp −$738doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago5.28 bp27.0 bp −$2775.2 bp −$752876.9 bp −$87.7K1313.2 bp −$656.6K

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−0.0137%1h0.09507+0.433%$19K$8K10xas long as short
Injective CELO/USDC PERP+0.0033%1h0.1003+5.958%$756$2635.5xas long as short
Variational Omni CELO+0.0055%8h0.09469+0.031%$10K$1K—as long as short
Hyperliquid CELO+0.0100%1h0.09492+0.275%$205K$193K3xas long as short
Binance CELOUSDT+0.0100%8h0.09499+0.344%$2.0M$3.7M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09478+0.127%$1.3M$849K50xas long as short
OKX CELO-USDT-SWAP+0.0100%8h0.09476+0.106%$491K$1.0M20xas long as short
Gate CELO_USDT+0.0100%8h0.09500+0.359%$103K$40K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09488+0.232%$630K$264K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09480+0.148%$331K$269K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CELOUSDT+0.0100%8h0.09486+0.211%$873K$397K50xas long as short
BingX CELO-USDTshort+0.0100%8h0.09497+0.327%—$2.4M—
BloFin CELO-USDTlong+0.0123%8h0.09466long leg$100K$20K75x