Funding arb · Price arb /

CETUS

all CETUS markets

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: Bitget against Binance+0.053%7-day average +0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2162.163% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.053%, 7d avg +0.153%

Together, before fees+0.024%+$2 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: Bitget is 0.100% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CETUSUSDT	0.02713	0.0100	pay 0.0050% / 4h	1h 19m	$1.5M	$6.0M	50x
Short	Bitget CETUSUSDT	0.02714	0.0100	get 0.0050% / 4h	1h 19m	$295K	$215K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.153%: −$9.98
Slippage, 4 orders: −$194.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$226.32
Costs to cover: 2.163%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bitget: live order book, 36 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, 4 min ago	1.84 bp	37.5 bp −$37	252.9 bp −$2,529	doesn't fit	doesn't fit
Sell Bitget live order book, 36 min ago	12.98 bp	75.3 bp −$75	310.6 bp −$3,106	doesn't fit	doesn't fit

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	−0.0203%	1h	0.02714	+0.057%	$13K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0051%	4h	0.02718	+0.200%	$96K	$76K	50x	as long as short
Binance CETUSUSDTlong	+0.0100%	4h	0.02713	long leg	$1.5M	$6.0M	50x
Bybit CETUSUSDT	+0.0100%	4h	0.02715	+0.097%	$428K	$1.0M	13x	as long as short
Gate CETUS_USDT	+0.0100%	4h	0.02713	+0.016%	$213K	$110K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02711	−0.058%	$234K	$140K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02726	+0.495%	$478K	$226K	30x	as long as short
Bitget CETUSUSDTshort	+0.0100%	4h	0.02714	+0.053%	$295K	$215K	25x
BingX CETUS-USDT	+0.0100%	4h	0.02714	+0.053%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02718	+0.187%	$6K	$14K	—	as long as short