Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.16 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against MEXC+0.042%64s7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$670.671% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.042%, 7d avg +0.084%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.042% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.084%). Swap the legs. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CELO_USDT | 0.09541 | 0.0100 | pay 0.0100% / 8h | 5h 14m | $601K | $272K | 50x |
| Short | BloFin CELO-USDT | 0.09545 | 0.0084 | get 0.0084% / 8h | 5h 14m | $101K | $20K | 75x |
MEXC CELO_USDT
BloFin CELO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$3.46
- Price spread: +0.042% → +0.084%
- −$4.24
- Slippage, 4 orders
- −$51.08
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$74.78
- Costs to cover
- 0.671%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 41 min ago; BloFin: live order book, 17 min ago.
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 MEXC live order book, 41 min ago | 5.29 bp | 10.5 bp −$10 | 70.3 bp −$703 | 268.7 bp −$26.9K | doesn't fit |
| Sell BloFin live order book, 17 min ago | 4.20 bp | 28.2 bp −$28 | 70.6 bp −$706 | doesn't fit | doesn't fit |
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 | −0.1081% | 1h | 0.09560 | +0.202% | $19K | $8K | 10x | as long as short |
| Variational Omni CELO | +0.0019% | 8h | 0.09555 | +0.143% | $10K | $462 | — | as long as short |
| BloFin CELO-USDTshort | +0.0084% | 8h | 0.09545 | +0.042% | $101K | $20K | 75x | |
| Hyperliquid CELO | +0.0100% | 1h | 0.09548 | +0.074% | $207K | $219K | 3x | as long as short |
| Binance CELOUSDT | +0.0100% | 8h | 0.09556 | +0.160% | $2.0M | $4.0M | 50x | as long as short |
| Bybit CELOUSDT | +0.0100% | 8h | 0.09546 | +0.052% | $1.3M | $891K | 50x | as long as short |
| OKX CELO-USDT-SWAP | +0.0100% | 8h | 0.09542 | +0.010% | $493K | $951K | 20x | as long as short |
| Gate CELO_USDT | +0.0100% | 8h | 0.09560 | +0.199% | $136K | $80K | 50x | as long as short |
| MEXC CELO_USDTlong | +0.0100% | 8h | 0.09541 | long leg | $601K | $272K | 50x | |
| KuCoin CELOUSDTM | +0.0100% | 8h | 0.09540 | −0.010% | $330K | $273K | 50x | as long as short |
Kraken Futures PF_CELOUSD
Variational Omni CELO
Hyperliquid CELO
Binance CELOUSDT
Bybit CELOUSDT
OKX CELO-USDT-SWAP
Gate CELO_USDT
KuCoin CELOUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CELOUSDT | +0.0100% | 8h | 0.09563 | +0.231% | $868K | $456K | 50x | as long as short |
| BingX CELO-USDT | +0.0100% | 8h | 0.09555 | +0.147% | — | $2.4M | — | as long as short |
| Injective CELO/USDC PERP | +0.5000% | 1h | 0.1012 | +6.069% | $763 | $732 | 5.5x | as long as short |
Bitget CELOUSDT
BingX CELO-USDT
Injective CELO/USDC PERP