Funding arb · Price arb /

CETUS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance+0.037%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1831.825% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.027%+$3 · spread now +0.037%, 7d avg +0.084%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.046% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CETUSUSDT	0.02676	0.0100	pay 0.0050% / 4h	2h 54m	$1.5M	$6.1M	50x
Short	BingX CETUS-USDT	0.02677	0.0100	get 0.0050% / 4h	2h 54m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BingXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.084%: −$4.62
Slippage, 4 orders: −$162.53
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$187.16
Costs to cover: 1.825%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; BingX: live order book, 6 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 Binance live order book, 14 min ago	3.65 bp	43.9 bp −$44	241.6 bp −$2,416	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	12.96 bp	39.8 bp −$40	139.6 bp −$1,396	649.6 bp −$65.0K	847.7 bp −$423.9K

CETUS on 10 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_CETUSUSD	−0.0271%	1h	0.02676	−0.018%	$13K	$32K	10x	as long as short
Binance CETUSUSDTlong	+0.0100%	4h	0.02676	long leg	$1.5M	$6.1M	50x
Bybit CETUSUSDT	+0.0100%	4h	0.02678	+0.056%	$423K	$1.1M	13x	as long as short
Gate CETUS_USDT	+0.0100%	4h	0.02680	+0.149%	$211K	$111K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02675	−0.037%	$248K	$141K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02679	+0.112%	$465K	$248K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02680	+0.149%	$294K	$215K	25x	as long as short
BingX CETUS-USDTshort	+0.0100%	4h	0.02677	+0.037%	—	$1.4M	—
Variational Omni CETUS	+0.0100%	4h	0.02678	+0.091%	$6K	$14K	—	as long as short
BloFin CETUS-USDT	+0.0122%	4h	0.02678	+0.075%	$98K	$68K	50x	as long as short