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Funding arb · Price arb /

CELO

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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0928%/8h= +101.6% APRnext payment +$1.16 per $10,000 · paid last 24h −0.391%
Price spread now: Hyperliquid against Kraken Futures−0.182%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 Hyperliquid
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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding pays, the price is against you. Hyperliquid is 0.182% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 16 hours of funding at the current rate (+$28 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_CELOUSD0.09406−0.0828get 0.0104% / 1h54m 15s$19K$8K10x
ShortHyperliquid CELO0.093890.0100get 0.0013% / 1h54m 15s$194K$210K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$194.9
Price spread: −0.182% → 0.000%
−$18.21
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$157.69
Costs to cover
0.190%
Break-even
1.3 days
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 55 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 Hyperliquid live order book, 55 min ago1.62 bp30.8 bp −$31doesn't fitdoesn'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 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_CELOUSDlong−0.0828%1h0.09406long leg$19K$8K10x
Variational Omni CELO−0.0011%8h0.09379−0.290%$10K$906—as long as short
Hyperliquid CELOshort+0.0100%1h0.09389−0.182%$194K$210K3x
Binance CELOUSDT+0.0100%8h0.09396−0.105%$1.9M$4.1M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09386−0.211%$1.3M$905K50xas long as short
OKX CELO-USDT-SWAP+0.0100%8h0.09385−0.221%$484K$1.0M20xas long as short
Gate CELO_USDT+0.0100%8h0.09400−0.062%$99K$41K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09380−0.275%$607K$266K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09370−0.381%$326K$273K50xas long as short
Bitget CELOUSDT+0.0100%8h0.09384−0.232%$853K$456K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CELO-USDT+0.0100%8h0.09390−0.168%—$2.4M—as long as short
BloFin CELO-USDT+0.0128%8h0.09384−0.232%$101K$20K75xas long as short
Injective CELO/USDC PERP+0.5000%1h0.1001+6.423%$755$4995.5xas long as short