Funding arb · Price arb /

CELO

all CELO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1511%/8h= −165.4% APRpaid last 24h +0.355%

Price spread now: Kraken Futures against OKX+0.074%7-day average — · you sell dearer than you buy

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

Long on OKX 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

The price spread pays, funding is against you. Kraken Futures is 0.074% dearer against OKX than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CELO-USDT-SWAP	0.09479	0.0100	pay 0.0100% / 8h	4h 25m	$489K	$919K	20x
Short	Kraken Futures PF_CELOUSD	0.09486	−0.1411	pay 0.0176% / 1h	25m 37s	$19K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Position, each leg$Hold fordaysFee OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$317.25
Price spread: +0.074% → 0.000%: $7.45
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$329.81
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 51 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 OKX live order book, 51 min ago	5.76 bp	47.6 bp −$48	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
Kraken Futures PF_CELOUSDshort	−0.1411%	1h	0.09486	+0.074%	$19K	$8K	10x
Variational Omni CELO	−0.0011%	8h	0.09453	−0.272%	$10K	$462	—	as long as short
BloFin CELO-USDT	+0.0085%	8h	0.09488	+0.095%	$100K	$20K	75x	as long as short
Hyperliquid CELO	+0.0100%	1h	0.09476	−0.036%	$205K	$220K	3x	as long as short
Binance CELOUSDT	+0.0100%	8h	0.09484	+0.053%	$1.9M	$3.9M	50x	as long as short
Bybit CELOUSDT	+0.0100%	8h	0.09464	−0.158%	$1.3M	$905K	50x	as long as short
OKX CELO-USDT-SWAPlong	+0.0100%	8h	0.09479	long leg	$489K	$919K	20x
Gate CELO_USDT	+0.0100%	8h	0.09487	+0.084%	$136K	$79K	50x	as long as short
MEXC CELO_USDT	+0.0100%	8h	0.09466	−0.137%	$596K	$266K	50x	as long as short
KuCoin CELOUSDTM	+0.0100%	8h	0.09480	+0.011%	$328K	$272K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CELOUSDT	+0.0100%	8h	0.09471	−0.084%	$859K	$439K	50x	as long as short
BingX CELO-USDT	+0.0100%	8h	0.09481	+0.021%	—	$2.4M	—	as long as short
Injective CELO/USDC PERP	+0.5000%	1h	0.1005	+6.024%	$758	$883	5.5x	as long as short