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

CELO

all CELO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against OKX+0.120%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1401.396% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.120%, 7d avg +0.095%
Together, before fees−0.150%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 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 0.025% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.095%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX CELO-USDT-SWAP0.092320.0100pay 0.0100% / 8h1h 15m$480K$980K20x
ShortHyperliquid CELO0.092430.0100get 0.0013% / 1h15m 13s$199K$193K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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: +0.120% → +0.095%
$2.47
Slippage, 4 orders
−$120.61
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$137.14
Costs to cover
1.396%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Hyperliquid: live order book, 54 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 OKX live order book, 1 min ago4.33 bp42.5 bp −$42doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 54 min ago2.11 bp34.3 bp −$34doesn'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−0.0200%1h0.09252+0.220%$18K$8K10xas long as short
Injective CELO/USDC PERP+0.0033%1h0.09930+7.561%$749$1785.5xas long as short
Variational Omni CELO+0.0091%8h0.09227−0.050%$10K$1Kas long as short
Hyperliquid CELOshort+0.0100%1h0.09243+0.120%$199K$193K3x
Binance CELOUSDT+0.0100%8h0.09243+0.119%$1.9M$3.6M50xas long as short
Bybit CELOUSDT+0.0100%8h0.09227−0.054%$1.3M$818K50xas long as short
OKX CELO-USDT-SWAPlong+0.0100%8h0.09232long leg$480K$980K20x
Gate CELO_USDT+0.0100%8h0.09233+0.011%$100K$39K50xas long as short
MEXC CELO_USDT+0.0100%8h0.09230−0.022%$615K$264K50xas long as short
KuCoin CELOUSDTM+0.0100%8h0.09240+0.087%$322K$268K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CELOUSDT+0.0100%8h0.09231−0.011%$848K$381K50xas long as short
BingX CELO-USDT+0.0100%8h0.09240+0.087%$2.4Mas long as short
BloFin CELO-USDT+0.0100%8h0.09245+0.141%$100K$19K75xas long as short