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

CELO

all CELO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC−0.068%7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$800.799% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.033%+$3 on $10k
Price spread, last 4 days (all we have)−0.113%−$11 · spread now −0.068%, 7d avg +0.071%
Together, before fees−0.080%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.139% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC CELO_USDT0.095470.0100pay 0.0100% / 8h5h 19m$601K$272K50x
ShortHyperliquid CELO0.095410.0100get 0.0013% / 1h19m 43s$206K$218K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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
$0
Price spread: −0.068% → +0.071%
−$13.86
Slippage, 4 orders
−$66.94
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$93.8
Costs to cover
0.799%
Break-even
never at this rate
Slippage from MEXC: live order book, 35 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 35 min ago5.29 bp10.5 bp −$1070.3 bp −$703268.7 bp −$26.9Kdoesn't fit
Sell Hyperliquid live order book, 10 min ago2.47 bp29.8 bp −$30doesn't fitdoesn't fitdoesn't fit

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_CELOUSD−0.1080%1h0.09566+0.201%$19K$8K10xas long as short
Variational Omni CELO+0.0018%8h0.09563+0.165%$10K$462as long as short
BloFin CELO-USDT+0.0080%8h0.09541−0.063%$101K$20K75xas long as short
Hyperliquid CELOshort+0.0100%1h0.09541−0.068%$206K$218K3x
Binance CELOUSDT+0.0100%8h0.09558+0.115%$2.0M$4.0M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09555+0.084%$1.3M$900K50xas long as short
OKX CELO-USDT-SWAP+0.0100%8h0.09544−0.031%$494K$952K20xas long as short
Gate CELO_USDT+0.0100%8h0.09561+0.147%$136K$80K50xas long as short
MEXC CELO_USDTlong+0.0100%8h0.09547long leg$601K$272K50x
KuCoin CELOUSDTM+0.0100%8h0.09540−0.073%$330K$273K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CELOUSDT+0.0100%8h0.09561+0.147%$868K$456K50xas long as short
BingX CELO-USDT+0.0100%8h0.09562+0.157%$2.4Mas long as short
Injective CELO/USDC PERP+0.5000%1h0.1011+5.897%$762$7205.5xas long as short