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Funding arb · Price arb /

CELO

all CELO markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0919%/8h= +100.7% APRpaid last 24h −0.382%
Price spread now: Bybit against Kraken Futures−0.273%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Bybit
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 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.273% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.273% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 24 hours of funding at the current rate (+$28 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_CELOUSD0.09507−0.0819get 0.0102% / 1h5m 03s$19K$8K10x
ShortBybit CELOUSDT0.094810.0100get 0.0100% / 8h6h 05m$1.3M$900K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Kraken Futures. 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
$193.05
Price spread: −0.273% → 0.000%
−$27.33
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$144.72
Costs to cover
0.210%
Break-even
1.8 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 1 min ago. 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 Kraken Futures no order-book sample—————
Sell Bybit live order book, 1 min ago4.74 bp110.6 bp −$111361.7 bp −$3,617doesn't fitdoesn't fit
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 12 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_CELOUSDlong−0.0819%1h0.09507long leg$19K$8K10x
Variational Omni CELO+0.0009%8h0.09472−0.364%$10K$462—as long as short
Hyperliquid CELO+0.0100%1h0.09487−0.208%$205K$219K3xas long as short
Binance CELOUSDT+0.0100%8h0.09499−0.082%$1.9M$4.1M50xas long as short
Bybit CELOUSDTshort+0.0100%8h0.09481−0.273%$1.3M$900K50x
OKX CELO-USDT-SWAP+0.0100%8h0.09481−0.273%$492K$996K20xas long as short
Gate CELO_USDT+0.0100%8h0.09486−0.221%$100K$43K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09484−0.242%$598K$273K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09480−0.284%$328K$274K50xas long as short
Bitget CELOUSDT+0.0100%8h0.09496−0.116%$862K$472K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CELO-USDT+0.0100%8h0.09493−0.147%—$2.4M—as long as short
Injective CELO/USDC PERP+0.5000%1h0.1003+5.501%$756$6115.5xas long as short