Funding arb · Price arb /

CETUS

all CETUS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance+0.142%7-day average +0.237% · you sell dearer than you buy

Net, funding: paid 7d − costs−$904as in the Funding arb table

Net, price: spread back to 7d avg − costs−$921as in the Price arb table

costs, in and out, $10k−$9119.114% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.142%, 7d avg +0.237%

Together, before fees+0.052%+$5 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: KuCoin is 0.095% 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 +0.237%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CETUSUSDT	0.02656	0.0100	pay 0.0050% / 4h	1h 35m	$1.4M	$5.8M	50x
Short	KuCoin CETUSUSDTM	0.02660	0.0100	get 0.0050% / 4h	1h 35m	$444K	$213K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → +0.237%: −$9.51
Slippage, 4 orders: −$889.37
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$920.88
Costs to cover: 9.114%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 8 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, 3 min ago	3.75 bp	42.9 bp −$43	216.4 bp −$2,164	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	18.69 bp	247.1 bp −$247	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	−0.0007%	1h	0.02656	+0.003%	$12K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0052%	4h	0.02658	+0.067%	$92K	$94K	50x	as long as short
Binance CETUSUSDTlong	+0.0100%	4h	0.02656	long leg	$1.4M	$5.8M	50x
Bybit CETUSUSDT	+0.0100%	4h	0.02661	+0.164%	$416K	$1.0M	13x	as long as short
Gate CETUS_USDT	+0.0100%	4h	0.02661	+0.179%	$208K	$102K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02657	+0.029%	$224K	$132K	100x	as long as short
KuCoin CETUSUSDTMshort	+0.0100%	4h	0.02660	+0.142%	$444K	$213K	30x
Bitget CETUSUSDT	+0.0100%	4h	0.02661	+0.179%	$281K	$198K	25x	as long as short
BingX CETUS-USDT	+0.0100%	4h	0.02659	+0.104%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02659	+0.092%	$6K	$14K	—	as long as short