Funding arb · Price arb /

CETUS

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Binance+0.297%7-day average +0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$336as in the Funding arb table

Net, price: spread back to 7d avg − costs−$323as in the Price arb table

costs, in and out, $10k−$3403.402% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.297%, 7d avg +0.125%

Together, before fees−0.165%−$17 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: Bybit is 0.172% dearer against Binance than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CETUSUSDT	0.02663	0.0100	pay 0.0050% / 4h	34m 52s	$1.4M	$6.1M	50x
Short	Bybit CETUSUSDT	0.02671	0.0100	get 0.0050% / 4h	34m 52s	$423K	$1.1M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.297%Rate

Funding earned: $0
Price spread: +0.297% → +0.125%: $17.17
Slippage, 4 orders: −$319.16
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$322.99
Costs to cover: 3.402%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 1 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	3.74 bp	34.3 bp −$34	230.4 bp −$2,304	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	16.69 bp	137.6 bp −$138	doesn't fit	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	−0.0334%	1h	0.02664	+0.036%	$13K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0076%	4h	0.02675	+0.451%	$96K	$80K	50x	as long as short
Binance CETUSUSDTlong	+0.0100%	4h	0.02663	long leg	$1.4M	$6.1M	50x
Bybit CETUSUSDTshort	+0.0100%	4h	0.02671	+0.297%	$423K	$1.1M	13x
Gate CETUS_USDT	+0.0100%	4h	0.02671	+0.300%	$210K	$117K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02662	−0.038%	$221K	$140K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02671	+0.300%	$463K	$253K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02671	+0.300%	$291K	$237K	25x	as long as short
BingX CETUS-USDT	+0.0100%	4h	0.02669	+0.225%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02669	+0.240%	$6K	$16K	—	as long as short