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: Bitget against BingX+0.037%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

costs, in and out, $10k−$2082.083% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.037%, 7d avg +0.070%

Together, before fees+0.010%+$1 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 0.032% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CETUS-USDT	0.02687	0.0100	pay 0.0050% / 4h	2h 56m	—	$1.4M	—
Short	Bitget CETUSUSDT	0.02688	0.0100	get 0.0050% / 4h	2h 56m	$294K	$221K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.070%: −$3.24
Slippage, 4 orders: −$186.31
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$211.55
Costs to cover: 2.083%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Bitget: live order book, 3 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 BingX live order book, 5 min ago	12.96 bp	50.0 bp −$50	173.0 bp −$1,730	700.1 bp −$70.0K	918.2 bp −$459.1K
Sell Bitget live order book, 3 min ago	12.95 bp	66.6 bp −$67	302.0 bp −$3,020	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	−0.0269%	1h	0.02692	+0.170%	$13K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0067%	4h	0.02694	+0.261%	$98K	$68K	50x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02684	−0.103%	$1.5M	$6.1M	50x	as long as short
Bybit CETUSUSDT	+0.0100%	4h	0.02688	+0.030%	$425K	$1.1M	13x	as long as short
Gate CETUS_USDT	+0.0100%	4h	0.02687	0.000%	$211K	$111K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02685	−0.074%	$249K	$141K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02691	+0.149%	$468K	$248K	30x	as long as short
Bitget CETUSUSDTshort	+0.0100%	4h	0.02688	+0.037%	$294K	$221K	25x
BingX CETUS-USDTlong	+0.0100%	4h	0.02687	long leg	—	$1.4M	—
Variational Omni CETUS	+0.0100%	4h	0.02697	+0.366%	$6K	$14K	—	as long as short