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: Bitget against Gate−0.265%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$342as in the Price arb table
costs, in and out, $10k−$3193.189% 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)+0.271%+$27 · spread now −0.265%, 7d avg −0.038%
Together, before fees+0.271%+$27 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: Bitget is 0.227% cheaper against Gate than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CELO_USDT0.094500.0100pay 0.0100% / 8h4h 05m$135K$79K50x
ShortBitget CELOUSDT0.094250.0100get 0.0100% / 8h4h 05m$854K$431K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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: −0.265% → −0.038%
−$22.7
Slippage, 4 orders
−$291.9
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$341.6
Costs to cover
3.189%
Break-even
never at this rate
Slippage from Gate: live order book, 27 min ago; Bitget: live order book, 50 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 Gate live order book, 27 min ago5.78 bp98.5 bp −$98doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 50 min ago4.20 bp63.7 bp −$64192.6 bp −$1,926doesn'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−0.1417%1h0.09445−0.048%$19K$8K10xas long as short
Variational Omni CELO−0.0036%8h0.09422−0.298%$10K$462as long as short
BloFin CELO-USDT+0.0083%8h0.09472+0.233%$100K$20K75xas long as short
Hyperliquid CELO+0.0100%1h0.09431−0.202%$206K$220K3xas long as short
Binance CELOUSDT+0.0100%8h0.09432−0.193%$1.9M$3.9M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09418−0.339%$1.3M$905K50xas long as short
OKX CELO-USDT-SWAP+0.0100%8h0.09426−0.254%$485K$898K20xas long as short
Gate CELO_USDTlong+0.0100%8h0.09450long leg$135K$79K50x
MEXC CELO_USDT+0.0100%8h0.09426−0.254%$593K$267K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09460+0.106%$327K$270K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CELOUSDTshort+0.0100%8h0.09425−0.265%$854K$431K50x
BingX CELO-USDT+0.0100%8h0.09434−0.169%$2.4Mas long as short
Injective CELO/USDC PERP+0.5000%1h0.1003+6.138%$756$9035.5xas long as short