Funding you earn now, next payment 00:00 UTC−0.0971%/8h= −106.3% APRnext payment −$9.71 per $10,000 · paid last 24h −0.145%
Price spread now: Binance against Bitget+0.091%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$880.880% of the position
Funding, last 7 days−0.319%−$32 on $10k
+Price spread, last 4 days (all we have)−0.242%−$24 · spread now +0.091%, 7d avg +0.017%
=The price spread pays, funding is against you. Binance is 0.074% dearer against Bitget than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.017%): +$7 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.319% in total) that is about 39 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 −$9.71 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 | Bitget CELRUSDT | 0.003288 | −0.7848 | get 0.7848% / 8h | 1h 15m | $596K | $6.0M | 25x |
| Short | Binance CELRUSDT | 0.003291 | −0.8819 | pay 0.8819% / 8h | 1h 15m | $3.7M | $56.3M | 25x |
Bitget CELRUSDT
Binance CELRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$203.85
- Price spread: +0.091% → +0.017%
- $7.38
- Slippage, 4 orders
- −$66.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$284.49
- Costs to cover
- 0.880%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 12 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 Bitget live order book, 3 min ago | 3.05 bp | 28.1 bp −$28 | 77.1 bp −$771 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.53 bp | 20.0 bp −$20 | 86.8 bp −$868 | 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 | −0.9422% | 1h | 0.003277 | −0.327% | $37K | $65K | 10x | as long as short |
| BloFin CELR-USDT | −0.8849% | 8h | 0.003283 | −0.152% | $347K | $505K | 25x | as long as short |
| Binance CELRUSDTshort | −0.8819% | 8h | 0.003291 | +0.091% | $3.7M | $56.3M | 25x | |
| MEXC CELR_USDT | −0.8818% | 8h | 0.003288 | 0.000% | $540K | $1.8M | 50x | as long as short |
| KuCoin CELRUSDTM | −0.8279% | 8h | 0.003289 | +0.030% | $387K | $4.4M | 25x | as long as short |
| Gate CELR_USDT | −0.7949% | 8h | 0.003287 | −0.030% | $225K | $1.4M | 25x | as long as short |
| Bitget CELRUSDTlong | −0.7848% | 8h | 0.003288 | long leg | $596K | $6.0M | 25x | |
| BingX CELR-USDT | −0.5541% | 8h | 0.003286 | −0.061% | — | $2.7M | — | as long as short |
Kraken Futures PF_CELRUSD
BloFin CELR-USDT
MEXC CELR_USDT
KuCoin CELRUSDTM
Gate CELR_USDT
BingX CELR-USDT