Funding arb · Price arb /

CELO

all CELO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.4900%/8h= +536.5% APRpaid last 24h +0.538%

Price spread now: Injective against MEXC+6.284%85s7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.609%+$61 on $10k

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 +$147 a day on $10k at the current rate, and Injective is 6.284% dearer against MEXC than usual: you sell high and buy low: +$628 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.609% in total (about 31.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CELO_USDT	0.09484	0.0100	pay 0.0100% / 8h	4h 28m	$598K	$266K	50x
Short	Injective CELO/USDC PERP	0.1008	0.5000	get 0.0625% / 1h	28m 03s	$760	$873	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee InjectivebpOrdersPrice spread, now +6.284%Rate

Funding earned: $1,029
Price spread: +6.284% → 0.000%: $628.43
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,653.41
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 22 min ago; Injective: 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 MEXC live order book, 22 min ago	6.86 bp	12.0 bp −$12	69.7 bp −$697	268.4 bp −$26.8K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Kraken Futures PF_CELOUSD	−0.1410%	1h	0.09494	+0.105%	$19K	$8K	10x	as long as short
Variational Omni CELO	−0.0007%	8h	0.09495	+0.114%	$10K	$462	—	as long as short
Hyperliquid CELO	+0.0100%	1h	0.09482	−0.022%	$206K	$220K	3x	as long as short
Binance CELOUSDT	+0.0100%	8h	0.09489	+0.053%	$1.9M	$3.9M	50x	as long as short
Bybit CELOUSDT	+0.0100%	8h	0.09483	−0.011%	$1.3M	$906K	50x	as long as short
OKX CELO-USDT-SWAP	+0.0100%	8h	0.09478	−0.063%	$489K	$926K	20x	as long as short
Gate CELO_USDT	+0.0100%	8h	0.09500	+0.169%	$136K	$79K	50x	as long as short
MEXC CELO_USDTlong	+0.0100%	8h	0.09484	long leg	$598K	$266K	50x
KuCoin CELOUSDTM	+0.0100%	8h	0.09480	−0.042%	$328K	$272K	50x	as long as short
Bitget CELOUSDT	+0.0100%	8h	0.09481	−0.032%	$859K	$445K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CELO-USDT	+0.0100%	8h	0.09489	+0.053%	—	$2.4M	—	as long as short
BloFin CELO-USDT	+0.0115%	8h	0.09512	+0.295%	$101K	$20K	75x	as long as short
Injective CELO/USDC PERPshort	+0.5000%	1h	0.1008	+6.284%	$760	$873	5.5x