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

CELO

all CELO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid−0.109%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1221.217% 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)+0.212%+$21 · spread now −0.109%, 7d avg +0.030%
Together, before fees+0.213%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 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: BingX is 0.138% cheaper against Hyperliquid than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CELO0.095710.0100pay 0.0013% / 1h44m 51s$207K$196K3x
ShortBingX CELO-USDT0.095610.0100get 0.0100% / 8h7h 44m$2.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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: −0.109% → +0.030%
−$13.85
Slippage, 4 orders
−$102.69
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$135.54
Costs to cover
1.217%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; BingX: live order book, 9 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 Hyperliquid live order book, 4 min ago1.62 bp32.4 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago4.72 bp30.0 bp −$3076.3 bp −$763697.9 bp −$69.8K1204.8 bp −$602.4K

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−0.1514%1h0.09578+0.065%$19K$8K10xas long as short
Variational Omni CELO+0.0013%8h0.09523−0.511%$10K$1Kas long as short
BloFin CELO-USDT+0.0094%8h0.09564−0.077%$102K$20K75xas long as short
Hyperliquid CELOlong+0.0100%1h0.09571long leg$207K$196K3x
Binance CELOUSDT+0.0100%8h0.09562−0.097%$2.0M$4.0M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09553−0.192%$1.3M$899K50xas long as short
OKX CELO-USDT-SWAP+0.0100%8h0.09554−0.182%$494K$1.0M20xas long as short
Gate CELO_USDT+0.0100%8h0.09552−0.203%$101K$42K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09554−0.182%$630K$267K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09560−0.119%$333K$274K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CELOUSDT+0.0100%8h0.09561−0.109%$891K$429K50xas long as short
BingX CELO-USDTshort+0.0100%8h0.09561−0.109%$2.4M
Injective CELO/USDC PERP+0.5000%1h0.1014+5.941%$765$3805.5xas long as short