Funding you earn now, next payment 00:00 UTC+0.1099%/8h= +120.3% APRnext payment +$10.99 per $10,000 · paid last 24h +0.145%
Price spread now: Bitget against Binance−0.061%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$860.864% of the position
Funding, last 7 days+0.319%+$32 on $10k
+Price spread, last 4 days (all we have)+0.259%+$26 · spread now −0.061%, 7d avg −0.018%
=Funding pays, the price is against you. Bitget is 0.042% cheaper against Binance than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.018%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.319% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.319% in total (about 16.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.99 per $10,000. 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 | Binance CELRUSDT | 0.003299 | −0.9133 | get 0.9133% / 8h | 2h 41m | $3.7M | $59.3M | 25x |
| Short | Bitget CELRUSDT | 0.003297 | −0.8034 | pay 0.8034% / 8h | 2h 41m | $593K | $6.5M | 25x |
Binance CELRUSDT
Bitget CELRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $230.69
- Price spread: −0.061% → −0.018%
- −$4.22
- Slippage, 4 orders
- −$64.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $140.02
- Costs to cover
- 0.864%
- Break-even
- 2.8 days
Slippage from Binance: live order book, 16 min ago; Bitget: live order book, 2 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 Binance live order book, 16 min ago | 1.51 bp | 21.1 bp −$21 | 112.1 bp −$1,121 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 9.05 bp | 24.1 bp −$24 | 93.0 bp −$930 | doesn't fit | doesn't fit |
CELR on 8 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_CELRUSD | −1.0842% | 1h | 0.003318 | +0.586% | $37K | $76K | 10x | as long as short |
| Gate CELR_USDT | −0.9248% | 8h | 0.003308 | +0.273% | $221K | $1.4M | 25x | as long as short |
| Binance CELRUSDTlong | −0.9133% | 8h | 0.003299 | long leg | $3.7M | $59.3M | 25x | |
| MEXC CELR_USDT | −0.9112% | 8h | 0.003298 | −0.030% | $509K | $1.8M | 50x | as long as short |
| BloFin CELR-USDT | −0.9077% | 8h | 0.003313 | +0.424% | $351K | $599K | 25x | as long as short |
| KuCoin CELRUSDTM | −0.8842% | 8h | 0.003304 | +0.152% | $437K | $4.4M | 25x | as long as short |
| Bitget CELRUSDTshort | −0.8034% | 8h | 0.003297 | −0.061% | $593K | $6.5M | 25x | |
| BingX CELR-USDT | −0.5599% | 8h | 0.003302 | +0.091% | — | $2.7M | — | as long as short |
Kraken Futures PF_CELRUSD
Gate CELR_USDT
MEXC CELR_USDT
BloFin CELR-USDT
KuCoin CELRUSDTM
BingX CELR-USDT