Funding you earn now, next payment 08:00 UTC−0.1638%/8h= −179.3% APRnext payment −$16.38 per $10,000 · paid last 24h −0.225%
Price spread now: BloFin against Gate−0.340%78s7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1611.612% of the position
Funding, last 7 days−0.318%−$32 on $10k
+Price spread, last 3 days (all we have)+0.349%+$35 · spread now −0.340%, 7d avg −0.111%
=Both sides work against this trade now: funding costs −$49 a day on $10k at the current rate, and BloFin is 0.229% cheaper against Gate than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.111%). Swap the legs. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
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 −$16.38 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 | −0.4813 | get 0.4813% / 8h | 7h 33m | $222K | $1.3M | 25x |
| Short | BloFin CELR-USDT | 0.003224 | −0.6451 | pay 0.6451% / 8h | 7h 33m | $353K | $501K | 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
- −$343.93
- Price spread: −0.340% → −0.111%
- −$22.93
- Slippage, 4 orders
- −$134.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$528.03
- Costs to cover
- 1.612%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; BloFin: live order book, 37 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 | 6.17 bp | 57.0 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 37 min ago | 13.65 bp | 26.5 bp −$26 | 63.3 bp −$633 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CELRUSDT | −0.6460% | 8h | 0.003234 | −0.031% | $3.7M | $54.2M | 25x | as long as short |
| MEXC CELR_USDT | −0.6460% | 8h | 0.003233 | −0.062% | $587K | $1.7M | 50x | as long as short |
| BloFin CELR-USDTshort | −0.6451% | 8h | 0.003224 | −0.340% | $353K | $501K | 25x | |
| KuCoin CELRUSDTM | −0.6094% | 8h | 0.003229 | −0.185% | $411K | $4.3M | 25x | as long as short |
| Bitget CELRUSDT | −0.5866% | 8h | 0.003231 | −0.124% | $583K | $5.6M | 25x | as long as short |
| Gate CELR_USDTlong | −0.4813% | 8h | 0.003235 | long leg | $222K | $1.3M | 25x | |
| Kraken Futures PF_CELRUSD | −0.4559% | 1h | 0.003232 | −0.103% | $35K | $63K | 10x | as long as short |
| BingX CELR-USDT | −0.4137% | 8h | 0.003234 | −0.031% | — | $2.7M | — | as long as short |
Binance CELRUSDT
MEXC CELR_USDT
KuCoin CELRUSDTM
Bitget CELRUSDT
Kraken Futures PF_CELRUSD
BingX CELR-USDT