Funding you earn now, next payment 08:00 UTC−0.0686%/8h= −75.1% APRnext payment −$6.86 per $10,000 · paid last 24h −0.225%
Price spread now: BloFin against Gate−0.402%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1451.446% of the position
Funding, last 7 days−0.318%−$32 on $10k
+Price spread, last 4 days (all we have)+0.534%+$53 · spread now −0.402%, 7d avg −0.113%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and BloFin is 0.289% cheaper against Gate than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.113%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.318% in total (about -16.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.86 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 | 0.003235 | −0.4514 | get 0.4514% / 8h | 5h 16m | $221K | $1.3M | 25x |
| Short | BloFin CELR-USDT | 0.003222 | −0.5200 | pay 0.5200% / 8h | 5h 16m | $350K | $416K | 25x |
Gate CELR_USDT
BloFin CELR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$144.02
- Price spread: −0.402% → −0.113%
- −$28.93
- Slippage, 4 orders
- −$117.55
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$317.51
- Costs to cover
- 1.446%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 24 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, 1 min ago | 4.64 bp | 59.7 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 24 min ago | 3.15 bp | 25.0 bp −$25 | 46.6 bp −$466 | 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 | −0.8266% | 1h | 0.003229 | −0.189% | $35K | $57K | 10x | as long as short |
| BloFin CELR-USDTshort | −0.5200% | 8h | 0.003222 | −0.402% | $350K | $416K | 25x | |
| MEXC CELR_USDT | −0.5182% | 8h | 0.003232 | −0.093% | $529K | $1.6M | 50x | as long as short |
| Binance CELRUSDT | −0.5181% | 8h | 0.003233 | −0.062% | $3.7M | $50.0M | 25x | as long as short |
| KuCoin CELRUSDTM | −0.5001% | 8h | 0.003233 | −0.062% | $437K | $4.3M | 25x | as long as short |
| Bitget CELRUSDT | −0.4687% | 8h | 0.003232 | −0.093% | $600K | $4.9M | 25x | as long as short |
| Gate CELR_USDTlong | −0.4514% | 8h | 0.003235 | long leg | $221K | $1.3M | 25x | |
| BingX CELR-USDT | −0.3284% | 8h | 0.003231 | −0.124% | — | $2.7M | — | as long as short |
Kraken Futures PF_CELRUSD
MEXC CELR_USDT
Binance CELRUSDT
KuCoin CELRUSDTM
Bitget CELRUSDT
BingX CELR-USDT