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: KuCoin against Bybit−0.010%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$715as in the Funding arb table
Net, price: spread back to 7d avg − costs−$725as in the Price arb table
costs, in and out, $10k−$7237.229% 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)+0.059%+$6 · spread now −0.010%, 7d avg +0.011%
Together, before fees+0.137%+$14 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: KuCoin is 0.022% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CELOUSDT0.095510.0100pay 0.0100% / 8h5h 13m$1.3M$891K50x
ShortKuCoin CELOUSDTM0.095500.0100get 0.0100% / 8h5h 13m$331K$273K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.010% → +0.011%
−$2.17
Slippage, 4 orders
−$699.92
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$725.09
Costs to cover
7.229%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 8 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, 2 min ago3.67 bp98.5 bp −$98188.9 bp −$1,889doesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago10.46 bp243.0 bp −$243doesn'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−0.1081%1h0.09560+0.097%$19K$8K10xas long as short
Variational Omni CELO+0.0019%8h0.09555+0.038%$10K$462as long as short
BloFin CELO-USDT+0.0084%8h0.09545−0.063%$101K$20K75xas long as short
Hyperliquid CELO+0.0100%1h0.09548−0.037%$207K$219K3xas long as short
Binance CELOUSDT+0.0100%8h0.09568+0.181%$2.0M$4.0M50xas long as short
Bybit CELOUSDTlong+0.0100%8h0.09551long leg$1.3M$891K50x
OKX CELO-USDT-SWAP+0.0100%8h0.09549−0.021%$494K$952K20xas long as short
Gate CELO_USDT+0.0100%8h0.09560+0.094%$136K$80K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09548−0.031%$601K$272K50xas long as short
KuCoin CELOUSDTMshort+0.0100%8h0.09550−0.010%$331K$273K50x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CELOUSDT+0.0100%8h0.09563+0.126%$868K$456K50xas long as short
BingX CELO-USDT+0.0100%8h0.09563+0.126%$2.4Mas long as short
Injective CELO/USDC PERP+0.5000%1h0.1012+5.957%$763$7325.5xas long as short