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

CELO

All CELO markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotCELOUSDT
0.06760spotno funding——$254K1xBuy Bybit Spot
SHORT
BybitCELOUSDT
0.06741+0.0100get 0.0100% / 8h2h 03m$948K$368K50xShort Bybit
Price gap−0.274%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.069% under its 7d average: −$7 if it goes back, about 2.3 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$17+0.0100% /8h now · paid +0.174% over the last 7D
Price−$7spread −0.274% now, avg −0.205% → −0.069% if it goes back
Costs−$2802.799% of $10k · taker + slippage, in and out
Result−$269−2.69%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.274%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CELO on 12 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size69.6 / 76.7 bp
    At $10k entering Bybit costs 76.7 bp, fee and slippage, 1.1× Bybit Spot’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; Bybit runs at up to 50x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, +$3.00.
  • Watch: Gap narrower than usual−0.274% vs −0.205%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$948K OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0083%/8h × 21 periods+$17.39
Price spread−0.274% → −0.205% (7d avg)−$6.86
Slippage, 4 orderslive order books−$248.90
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$269.37
Costs to cover2.799%Break-even115.4 days
Slippage: Bybit Spot: live order book, 56 min ago; Bybit: live order book, 35 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot5.1669.6 bp−$70doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit6.6976.7 bp−$77308.5 bp−$3,085doesn’t fitdoesn’t fit

Closing costs about the same again.

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