Funding arb · Price arb /

CELO

all CELO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.001%

Price spread now: BloFin against Hyperliquid+0.160%67s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. BloFin is 0.160% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.160% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days. At the pace of the last 7 days (−0.019% in total) that is about 2 months. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid CELO	0.09332	0.0100	pay 0.0013% / 1h	44m 08s	$204K	$206K	3x
Short	BloFin CELO-USDT	0.09347	0.0078	get 0.0078% / 8h	2h 44m	$98K	$20K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Hyperliquid. 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

Position, each leg$Hold fordaysFee HyperliquidbpFee BloFinbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$4.66
Price spread: +0.160% → 0.000%: $15.97
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$9.69
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 25 min ago; BloFin: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 25 min ago	1.02 bp	32.4 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_CELOUSD	−0.0982%	1h	0.09347	+0.161%	$18K	$8K	10x	as long as short
Variational Omni CELO	−0.0017%	8h	0.09326	−0.067%	$10K	$462	—	as long as short
BloFin CELO-USDTshort	+0.0078%	8h	0.09347	+0.160%	$98K	$20K	75x
Hyperliquid CELOlong	+0.0100%	1h	0.09332	long leg	$204K	$206K	3x
Binance CELOUSDT	+0.0100%	8h	0.09331	−0.012%	$1.9M	$3.5M	50x	as long as short
Bybit CELOUSDT	+0.0100%	8h	0.09316	−0.173%	$1.3M	$827K	50x	as long as short
OKX CELO-USDT-SWAP	+0.0100%	8h	0.09322	−0.108%	$479K	$735K	20x	as long as short
Gate CELO_USDT	+0.0100%	8h	0.09350	+0.192%	$135K	$77K	50x	as long as short
MEXC CELO_USDT	+0.0100%	8h	0.09319	−0.140%	$567K	$258K	50x	as long as short
KuCoin CELOUSDTM	+0.0100%	8h	0.09340	+0.085%	$323K	$265K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CELOUSDT	+0.0100%	8h	0.09320	−0.130%	$842K	$407K	50x	as long as short
BingX CELO-USDT	+0.0100%	8h	0.09336	+0.042%	—	$2.4M	—	as long as short
Injective CELO/USDC PERP	+0.5000%	1h	0.09900	+6.085%	$746	$1K	5.5x	as long as short