Funding you earn now, next payment 08:00 UTC−0.0474%/8h= −51.9% APRnext payment −$4.74 per $10,000 · paid last 24h −0.034%
Price spread now: Bitget against Gate+0.062%7-day average −0.127% · you sell dearer than you buy
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1661.656% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.062%, 7d avg −0.127%
=The price spread pays, funding is against you. Bitget is 0.189% dearer against Gate than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.127%): +$19 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.74 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 | 0.003214 | −0.4733 | get 0.4733% / 8h | 6h 18m | $221K | $1.3M | 25x |
| Short | Bitget CELRUSDT | 0.003216 | −0.5207 | pay 0.5207% / 8h | 6h 18m | $600K | $5.1M | 25x |
Gate CELR_USDT
Bitget CELRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$99.54
- Price spread: +0.062% → −0.127%
- $18.89
- Slippage, 4 orders
- −$138.56
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$246.21
- Costs to cover
- 1.656%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago | 3.11 bp | 54.9 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.12 bp | 32.0 bp −$32 | 123.1 bp −$1,231 | doesn't fit | doesn't fit |
CELR on 7 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 | −0.7893% | 1h | 0.003202 | −0.383% | $35K | $58K | 10x | as long as short |
| MEXC CELR_USDT | −0.5720% | 8h | 0.003218 | +0.124% | $541K | $1.6M | 50x | as long as short |
| Binance CELRUSDT | −0.5702% | 8h | 0.003212 | −0.062% | $3.7M | $51.2M | 25x | as long as short |
| KuCoin CELRUSDTM | −0.5483% | 8h | 0.003207 | −0.218% | $434K | $4.3M | 25x | as long as short |
| Bitget CELRUSDTshort | −0.5207% | 8h | 0.003216 | +0.062% | $600K | $5.1M | 25x | |
| Gate CELR_USDTlong | −0.4733% | 8h | 0.003214 | long leg | $221K | $1.3M | 25x | |
| BingX CELR-USDT | −0.3697% | 8h | 0.003216 | +0.062% | — | $2.7M | — | as long as short |
Kraken Futures PF_CELRUSD
MEXC CELR_USDT
Binance CELRUSDT
KuCoin CELRUSDTM
BingX CELR-USDT