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: OKX against Hyperliquid−0.315%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$1621.621% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.034%−$3 on $10k
Price spread, last 4 days (all we have)+0.326%+$33 · spread now −0.315%, 7d avg −0.095%
Together, before fees+0.292%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 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: OKX is 0.220% cheaper against Hyperliquid than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.095%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CELO0.095860.0100pay 0.0013% / 1h46m 41s$208K$195K3x
ShortOKX CELO-USDT-SWAP0.095560.0100get 0.0100% / 8h7h 46m$495K$1.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.315% → −0.095%
−$22.03
Slippage, 4 orders
−$143.1
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$184.14
Costs to cover
1.621%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; OKX: live order book, 5 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, 3 min ago1.62 bp32.4 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 5 min ago6.80 bp46.2 bp −$46doesn't fitdoesn'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−0.1514%1h0.09580−0.063%$19K$8K10xas long as short
Variational Omni CELO+0.0018%8h0.09562−0.257%$10K$1Kas long as short
Bybit CELOUSDT+0.0063%8h0.09564−0.232%$1.3M$898K50xas long as short
Hyperliquid CELOlong+0.0100%1h0.09586long leg$208K$195K3x
Binance CELOUSDT+0.0100%8h0.09576−0.108%$2.0M$4.0M50xas long as short
OKX CELO-USDT-SWAPshort+0.0100%8h0.09556−0.315%$495K$1.0M20x
Gate CELO_USDT+0.0100%8h0.09556−0.315%$101K$42K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09561−0.263%$632K$267K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09540−0.482%$333K$274K50xas long as short
Bitget CELOUSDT+0.0100%8h0.09574−0.127%$892K$429K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CELO-USDT+0.0100%8h0.09583−0.033%$2.4Mas long as short
BloFin CELO-USDT+0.0111%8h0.09556−0.315%$102K$20K75xas long as short
Injective CELO/USDC PERP+0.5000%1h0.1013+5.673%$764$3765.5xas long as short