Funding you earn now, next payment 02:00 UTC−0.4900%/8h= −536.5% APRpaid last 24h −0.351%
Price spread now: Binance against Injective−6.254%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.418%−$42 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$147 a day on $10k at the current rate, and Binance is 6.254% cheaper against Injective than usual: you would sell low and buy high (−$625 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.418% in total (about -21.8% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CELO/USDC PERP | 0.1001 | 0.5000 | pay 0.0625% / 1h | 55m 25s | $755 | $499 | 5.5x |
| Short | Binance CELOUSDT | 0.09384 | 0.0100 | get 0.0100% / 8h | 6h 55m | $1.9M | $4.1M | 50x |
Injective CELO/USDC PERP
Binance CELOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: −6.254% → 0.000%
- −$625.37
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,664.39
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Binance: live order book, 11 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 11 min ago | 3.66 bp | 27.7 bp −$28 | 94.0 bp −$940 | doesn't fit | doesn't fit |
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 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 | −0.0829% | 1h | 0.09399 | −6.100% | $19K | $8K | 10x | as long as short |
| Variational Omni CELO | −0.0011% | 8h | 0.09379 | −6.308% | $10K | $906 | — | as long as short |
| Hyperliquid CELO | +0.0100% | 1h | 0.09378 | −6.316% | $191K | $209K | 3x | as long as short |
| Binance CELOUSDTshort | +0.0100% | 8h | 0.09384 | −6.254% | $1.9M | $4.1M | 50x | |
| Bybit CELOUSDT | +0.0100% | 8h | 0.09372 | −6.374% | $1.3M | $904K | 50x | as long as short |
| OKX CELO-USDT-SWAP | +0.0100% | 8h | 0.09355 | −6.543% | $484K | $1.0M | 20x | as long as short |
| Gate CELO_USDT | +0.0100% | 8h | 0.09400 | −6.094% | $99K | $41K | 50x | as long as short |
| MEXC CELO_USDT | +0.0100% | 8h | 0.09367 | −6.424% | $606K | $266K | 50x | as long as short |
| KuCoin CELOUSDTM | +0.0100% | 8h | 0.09370 | −6.394% | $326K | $273K | 50x | as long as short |
| Bitget CELOUSDT | +0.0100% | 8h | 0.09374 | −6.354% | $852K | $456K | 50x | as long as short |
Kraken Futures PF_CELOUSD
Variational Omni CELO
Hyperliquid CELO
Bybit CELOUSDT
OKX CELO-USDT-SWAP
Gate CELO_USDT
MEXC CELO_USDT
KuCoin CELOUSDTM
Bitget CELOUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CELO-USDT | +0.0100% | 8h | 0.09381 | −6.284% | — | $2.4M | — | as long as short |
| BloFin CELO-USDT | +0.0111% | 8h | 0.09449 | −5.604% | $101K | $20K | 75x | as long as short |
| Injective CELO/USDC PERPlong | +0.5000% | 1h | 0.1001 | long leg | $755 | $499 | 5.5x |
BingX CELO-USDT
BloFin CELO-USDT