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: MEXC against Binance−0.037%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1391.391% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.037%, 7d avg +0.009%

Together, before fees+0.050%+$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: MEXC 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 +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CETUSUSDT	0.02699	0.0100	pay 0.0050% / 4h	27m 43s	$1.4M	$6.0M	50x
Short	MEXC CETUS_USDT	0.02698	0.0100	get 0.0050% / 4h	27m 43s	$233K	$137K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → +0.009%: −$4.65
Slippage, 4 orders: −$125.06
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$143.71
Costs to cover: 1.391%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; MEXC: live order book, 12 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, 11 min ago	3.72 bp	43.5 bp −$43	310.3 bp −$3,103	doesn't fit	doesn't fit
Sell MEXC live order book, 12 min ago	3.72 bp	20.6 bp −$21	98.1 bp −$981	169.2 bp −$16.9K	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	−0.0488%	1h	0.02705	+0.217%	$13K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0068%	4h	0.02705	+0.222%	$95K	$76K	50x	as long as short
Binance CETUSUSDTlong	+0.0100%	4h	0.02699	long leg	$1.4M	$6.0M	50x
Bybit CETUSUSDT	+0.0100%	4h	0.02703	+0.144%	$419K	$1.0M	13x	as long as short
Gate CETUS_USDT	+0.0100%	4h	0.02707	+0.296%	$213K	$109K	20x	as long as short
MEXC CETUS_USDTshort	+0.0100%	4h	0.02698	−0.037%	$233K	$137K	100x
KuCoin CETUSUSDTM	+0.0100%	4h	0.02709	+0.371%	$471K	$226K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02700	+0.037%	$292K	$213K	25x	as long as short
BingX CETUS-USDT	+0.0100%	4h	0.02704	+0.185%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02710	+0.394%	$6K	$14K	—	as long as short