Funding you earn now, next payment 00:00 UTC−0.0818%/8h= −89.6% APRnext payment −$8.18 per $10,000 · paid last 24h −0.143%
Price spread now: BloFin against Bitget−0.180%95s7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1061.061% of the position
Funding, last 7 days−0.306%−$31 on $10k
+Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.180%, 7d avg +0.044%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and BloFin is 0.224% cheaper against Bitget than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.044%). Swap the legs. The two prices were read 95 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 -0.306% in total (about -16.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.18 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 | 0.003336 | −0.6872 | get 0.6872% / 8h | 31m 42s | $591K | $5.8M | 25x |
| Short | BloFin CELR-USDT | 0.003330 | −0.7690 | pay 0.7690% / 8h | 31m 42s | $355K | $506K | 25x |
Bitget CELRUSDT
BloFin CELR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$171.76
- Price spread: −0.180% → +0.044%
- −$22.38
- Slippage, 4 orders
- −$82.11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$300.25
- Costs to cover
- 1.061%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 44 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, 1 min ago | 3.00 bp | 31.3 bp −$31 | 106.7 bp −$1,067 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 44 min ago | 3.04 bp | 24.0 bp −$24 | 66.1 bp −$661 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CELR-USDTshort | −0.7690% | 8h | 0.003330 | −0.180% | $355K | $506K | 25x | |
| Binance CELRUSDT | −0.7660% | 8h | 0.003336 | +0.012% | $3.8M | $55.3M | 25x | as long as short |
| MEXC CELR_USDT | −0.7660% | 8h | 0.003336 | 0.000% | $564K | $1.7M | 50x | as long as short |
| KuCoin CELRUSDTM | −0.7164% | 8h | 0.003334 | −0.060% | $383K | $4.3M | 25x | as long as short |
| Kraken Futures PF_CELRUSD | −0.6934% | 1h | 0.003328 | −0.245% | $38K | $61K | 10x | as long as short |
| Bitget CELRUSDTlong | −0.6872% | 8h | 0.003336 | long leg | $591K | $5.8M | 25x | |
| Gate CELR_USDT | −0.6744% | 8h | 0.003334 | −0.060% | $225K | $1.4M | 25x | as long as short |
| BingX CELR-USDT | −0.4922% | 8h | 0.003336 | 0.000% | — | $2.7M | — | as long as short |
Binance CELRUSDT
MEXC CELR_USDT
KuCoin CELRUSDTM
Kraken Futures PF_CELRUSD
Gate CELR_USDT
BingX CELR-USDT