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

CELO

all CELO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.5825%/8h= −637.9% APRnext payment $7.28 per $10,000 · paid last 24h −0.032%
Price spread now: Kraken Futures against Injective−5.507%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$175 a day on $10k at the current rate, and Kraken Futures is 5.507% cheaper against Injective than usual: you would sell low and buy high (−$551 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective CELO/USDC PERP0.099900.5000pay 0.0625% / 1h50m 36s$753$5015.5x
ShortKraken Futures PF_CELOUSD0.09440−0.0825pay 0.0103% / 1h50m 36s$19K$8K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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
−$1,223.28
Price spread: −5.507% → 0.000%
−$550.67
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$1,783.97
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; Kraken Futures: 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 Injective no order-book sample
Sell Kraken Futures no order-book sample
Injective and Kraken Futures: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_CELOUSDshort−0.0825%1h0.09440−5.507%$19K$8K10x
Variational Omni CELO−0.0001%8h0.09411−5.795%$10K$906as long as short
BloFin CELO-USDT+0.0080%8h0.09389−6.016%$101K$20K75xas long as short
Hyperliquid CELO+0.0100%1h0.09453−5.379%$195K$210K3xas long as short
Binance CELOUSDT+0.0100%8h0.09464−5.263%$1.9M$4.1M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09462−5.285%$1.3M$911K50xas long as short
OKX CELO-USDT-SWAP+0.0100%8h0.09441−5.495%$488K$1.0M20xas long as short
Gate CELO_USDT+0.0100%8h0.09470−5.205%$100K$41K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09455−5.355%$612K$266K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09420−5.706%$328K$273K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CELOUSDT+0.0100%8h0.09460−5.305%$862K$456K50xas long as short
BingX CELO-USDT+0.0100%8h0.09466−5.245%$2.4Mas long as short
Injective CELO/USDC PERPlong+0.5000%1h0.09990long leg$753$5015.5x