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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 02:00 UTC+0.4900%/8h= +536.5% APRpaid last 24h +0.413%
Price spread now: Injective against Gate+6.257%69s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GateShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+0.451%+$45 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$147 a day on $10k at the current rate, and Injective is 6.257% dearer against Gate than usual: you sell high and buy low: +$626 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.451% in total (about 23.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CELO_USDT0.094300.0100pay 0.0100% / 8h6h 10m$99K$43K50x
ShortInjective CELO/USDC PERP0.10020.5000get 0.0625% / 1h10m 02s$756$6055.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$1,029
Price spread: +6.257% → 0.000%
$625.66
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$1,639.64
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Gate: live order book, 50 min ago; Injective: no order-book sample. Net counts fees only.

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, 50 min ago7.95 bp193.7 bp −$194doesn't fitdoesn't fitdoesn't fit
Sell Injective no order-book sample—————
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CELO on 12 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−0.0826%1h0.09433+0.032%$19K$8K10xas long as short
Variational Omni CELO+0.0013%8h0.09427−0.033%$10K$906—as long as short
Hyperliquid CELO+0.0100%1h0.09413−0.177%$201K$217K3xas long as short
Binance CELOUSDT+0.0100%8h0.09418−0.129%$1.9M$4.1M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09420−0.106%$1.3M$919K50xas long as short
OKX CELO-USDT-SWAP+0.0100%8h0.09413−0.180%$489K$996K20xas long as short
Gate CELO_USDTlong+0.0100%8h0.09430long leg$99K$43K50x
MEXC CELO_USDT+0.0100%8h0.09412−0.191%$593K$273K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.094300.000%$327K$274K50xas long as short
Bitget CELOUSDT+0.0100%8h0.09423−0.074%$855K$479K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CELO-USDT+0.0100%8h0.09421−0.095%—$2.4M—as long as short
Injective CELO/USDC PERPshort+0.5000%1h0.1002+6.257%$756$6055.5x