Funding you earn now, next payment 08:00 UTC−0.0673%/8h= −73.7% APRnext payment −$6.73 per $10,000 · paid last 24h −0.227%
Price spread now: Binance against Gate+0.107%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1401.396% of the position
Funding, last 7 days−0.326%−$33 on $10k
+Price spread, last 7 days−0.076%−$8 · spread now +0.107%, 7d avg +0.033%
=The price spread pays, funding is against you. Binance is 0.074% dearer against Gate than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.033%): +$7 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.326% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.326% in total (about -17.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.73 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 | Gate CELR_USDT | 0.003211 | −0.4501 | get 0.4501% / 8h | 5h 19m | $221K | $1.3M | 25x |
| Short | Binance CELRUSDT | 0.003214 | −0.5174 | pay 0.5174% / 8h | 5h 19m | $3.7M | $50.0M | 25x |
Gate CELR_USDT
Binance CELRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$141.43
- Price spread: +0.107% → +0.033%
- $7.4
- Slippage, 4 orders
- −$114.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$273.62
- Costs to cover
- 1.396%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Binance: live order book, 8 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 Gate live order book, 3 min ago | 4.66 bp | 50.5 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.57 bp | 22.7 bp −$23 | 118.5 bp −$1,185 | 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 | −0.8302% | 1h | 0.003215 | +0.119% | $35K | $57K | 10x | as long as short |
| Binance CELRUSDTshort | −0.5174% | 8h | 0.003214 | +0.107% | $3.7M | $50.0M | 25x | |
| BloFin CELR-USDT | −0.5172% | 8h | 0.003211 | 0.000% | $344K | $414K | 25x | as long as short |
| MEXC CELR_USDT | −0.5169% | 8h | 0.003220 | +0.280% | $527K | $1.6M | 50x | as long as short |
| KuCoin CELRUSDTM | −0.5002% | 8h | 0.003212 | +0.031% | $434K | $4.3M | 25x | as long as short |
| Bitget CELRUSDT | −0.4691% | 8h | 0.003203 | −0.249% | $591K | $4.9M | 25x | as long as short |
| Gate CELR_USDTlong | −0.4501% | 8h | 0.003211 | long leg | $221K | $1.3M | 25x | |
| BingX CELR-USDT | −0.3283% | 8h | 0.003202 | −0.280% | — | $2.7M | — | as long as short |
Kraken Futures PF_CELRUSD
BloFin CELR-USDT
MEXC CELR_USDT
KuCoin CELRUSDTM
Bitget CELRUSDT
BingX CELR-USDT