Funding you earn now, next payment 08:00 UTC−0.0450%/8h= −49.3% APRnext payment −$4.50 per $10,000 · paid last 24h −0.196%
Price spread now: MEXC against Bitget−0.093%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$750.746% of the position
Funding, last 7 days−0.338%−$34 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now −0.093%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and MEXC is 0.092% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CELRUSDT | 0.003236 | −0.5249 | get 0.5249% / 8h | 4h 30m | $637K | $4.6M | 25x |
| Short | MEXC CELR_USDT | 0.003233 | −0.5699 | pay 0.5699% / 8h | 4h 30m | $538K | $1.5M | 50x |
Bitget CELRUSDT
MEXC CELR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$94.5
- Price spread: −0.093% → −0.001%
- −$9.22
- Slippage, 4 orders
- −$58.64
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$178.35
- Costs to cover
- 0.746%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; MEXC: live order book, 1 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 | 4.61 bp | 22.7 bp −$23 | 112.2 bp −$1,122 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 3.08 bp | 10.1 bp −$10 | 45.3 bp −$453 | 257.6 bp −$25.8K | 533.2 bp −$266.6K |
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 | −0.9032% | 1h | 0.003241 | +0.159% | $35K | $57K | 10x | as long as short |
| Gate CELR_USDT | −0.6010% | 8h | 0.003245 | +0.278% | $235K | $1.2M | 25x | as long as short |
| BloFin CELR-USDT | −0.5702% | 8h | 0.003250 | +0.433% | $354K | $396K | 25x | as long as short |
| Binance CELRUSDT | −0.5700% | 8h | 0.003234 | −0.062% | $3.7M | $47.5M | 25x | as long as short |
| MEXC CELR_USDTshort | −0.5699% | 8h | 0.003233 | −0.093% | $538K | $1.5M | 50x | |
| KuCoin CELRUSDTM | −0.5600% | 8h | 0.003234 | −0.062% | $427K | $4.1M | 25x | as long as short |
| Bitget CELRUSDTlong | −0.5249% | 8h | 0.003236 | long leg | $637K | $4.6M | 25x | |
| BingX CELR-USDT | −0.3626% | 8h | 0.003236 | 0.000% | — | $2.7M | — | as long as short |
Kraken Futures PF_CELRUSD
Gate CELR_USDT
BloFin CELR-USDT
Binance CELRUSDT
KuCoin CELRUSDTM
BingX CELR-USDT