Funding arb · Price arb /

CELO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0229%/8h= +25.1% APRpaid last 24h +0.323%

Price spread now: Kraken Futures against KuCoin+0.034%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Kraken Futures

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.034% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CELOUSDTM	0.09270	0.0100	pay 0.0100% / 8h	22m 33s	$317K	$263K	50x
Short	Kraken Futures PF_CELOUSD	0.09273	0.0329	get 0.0041% / 1h	22m 33s	$18K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.034%Rate

Funding earned: $48.09
Price spread: +0.034% → 0.000%: $3.39
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $29.48
Costs to cover: 0.220%
Break-even: 2.7 days

Slippage unknown: KuCoin: live order book, 10 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 10 min ago	5.40 bp	332.8 bp −$333	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CELO-USDT	+0.0094%	8h	0.09258	−0.129%	$98K	$19K	75x	as long as short
Hyperliquid CELO	+0.0100%	1h	0.09266	−0.042%	$206K	$190K	3x	as long as short
Binance CELOUSDT	+0.0100%	8h	0.09275	+0.054%	$1.9M	$3.1M	50x	as long as short
Bybit CELOUSDT	+0.0100%	8h	0.09256	−0.151%	$1.3M	$769K	50x	as long as short
OKX CELO-USDT-SWAP	+0.0100%	8h	0.09267	−0.032%	$489K	$691K	20x	as long as short
Gate CELO_USDT	+0.0100%	8h	0.09277	+0.076%	$133K	$73K	50x	as long as short
MEXC CELO_USDT	+0.0100%	8h	0.09276	+0.065%	$556K	$244K	50x	as long as short
KuCoin CELOUSDTMlong	+0.0100%	8h	0.09270	long leg	$317K	$263K	50x
Bitget CELOUSDT	+0.0100%	8h	0.09273	+0.032%	$842K	$417K	50x	as long as short
BingX CELO-USDT	+0.0100%	8h	0.09272	+0.022%	—	$2.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CELO	+0.0100%	8h	0.09243	−0.294%	$10K	$62	—	as long as short
Kraken Futures PF_CELOUSDshort	+0.0329%	1h	0.09273	+0.034%	$18K	$8K	10x
Injective CELO/USDC PERP	+0.5000%	1h	0.09890	+6.688%	$746	$1K	5.5x	as long as short