Settings8H · net · $10k
Funding arb · Price arb /

CELO

all CELO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.117%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$228as in the Price arb table
costs, in and out, $10k−$2322.319% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.117%, 7d avg +0.077%
Together, before fees−0.051%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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 0.040% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.077%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CELOUSDT0.094220.0100pay 0.0100% / 8h3h 36m$1.3M$911K50x
ShortHyperliquid CELO0.094330.0100get 0.0013% / 1h36m 18s$206K$212K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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: +0.117% → +0.077%
$4.02
Slippage, 4 orders
−$211.85
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$227.83
Costs to cover
2.319%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 43 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 Bybit live order book, 4 min ago4.77 bp72.3 bp −$72393.0 bp −$3,930doesn't fitdoesn't fit
Sell Hyperliquid live order book, 43 min ago3.12 bp26.4 bp −$26doesn'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−0.1174%1h0.09440+0.192%$19K$8K10xas long as short
Variational Omni CELO−0.0039%8h0.09428+0.067%$10K$462as long as short
BloFin CELO-USDT+0.0075%8h0.09436+0.149%$99K$20K75xas long as short
Hyperliquid CELOshort+0.0100%1h0.09433+0.117%$206K$212K3x
Binance CELOUSDT+0.0100%8h0.09433+0.113%$1.9M$3.8M50xas long as short
Bybit CELOUSDTlong+0.0100%8h0.09422long leg$1.3M$911K50x
OKX CELO-USDT-SWAP+0.0100%8h0.09421−0.011%$483K$882K20xas long as short
Gate CELO_USDT+0.0100%8h0.09440+0.191%$138K$77K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09424+0.021%$593K$262K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09450+0.297%$327K$270K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CELOUSDT+0.0100%8h0.09428+0.064%$852K$432K50xas long as short
BingX CELO-USDT+0.0100%8h0.09436+0.149%$2.4Mas long as short
Injective CELO/USDC PERP+0.5000%1h0.1000+6.135%$754$9655.5xas long as short