Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.8% APRnext payment −$2.08 per $10,000 · paid last 24h −0.016%
Price spread now: Gate against Bitget+0.030%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$1741.744% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)−0.278%−$28 · spread now +0.030%, 7d avg +0.135%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.105% cheaper against Bitget than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.135%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.08 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 | 0.003284 | −0.8007 | get 0.8007% / 8h | 1h 24m | $595K | $6.0M | 25x |
| Short | Gate CELR_USDT | 0.003285 | −0.8215 | pay 0.8215% / 8h | 1h 24m | $225K | $1.4M | 25x |
Bitget CELRUSDT
Gate CELR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$43.68
- Price spread: +0.030% → +0.135%
- −$10.5
- Slippage, 4 orders
- −$147.4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$228.58
- Costs to cover
- 1.744%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 3 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, 4 min ago | 3.05 bp | 23.2 bp −$23 | 81.8 bp −$818 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.05 bp | 64.4 bp −$64 | doesn't fit | 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 | −0.9441% | 1h | 0.003271 | −0.407% | $37K | $65K | 10x | as long as short |
| BloFin CELR-USDT | −0.9052% | 8h | 0.003280 | −0.122% | $348K | $504K | 25x | as long as short |
| MEXC CELR_USDT | −0.9032% | 8h | 0.003286 | +0.061% | $522K | $1.7M | 50x | as long as short |
| Binance CELRUSDT | −0.9006% | 8h | 0.003287 | +0.091% | $3.7M | $56.7M | 25x | as long as short |
| KuCoin CELRUSDTM | −0.8475% | 8h | 0.003285 | +0.030% | $397K | $4.4M | 25x | as long as short |
| Gate CELR_USDTshort | −0.8215% | 8h | 0.003285 | +0.030% | $225K | $1.4M | 25x | |
| Bitget CELRUSDTlong | −0.8007% | 8h | 0.003284 | long leg | $595K | $6.0M | 25x | |
| BingX CELR-USDT | −0.5660% | 8h | 0.003286 | +0.061% | — | $2.7M | — | as long as short |
Kraken Futures PF_CELRUSD
BloFin CELR-USDT
MEXC CELR_USDT
Binance CELRUSDT
KuCoin CELRUSDTM
BingX CELR-USDT