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: Bybit against BingX+0.011%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$370as in the Funding arb table

Net, price: spread back to 7d avg − costs−$373as in the Price arb table

costs, in and out, $10k−$3703.696% of the position

Long on BingX Short on Bybit

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)+0.066%+$7 · spread now +0.011%, 7d avg +0.040%

Together, before fees+0.066%+$7 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 0.029% 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 +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CETUS-USDT	0.02692	0.0100	pay 0.0050% / 4h	3h 44m	—	$1.4M	—
Short	Bybit CETUSUSDT	0.02692	0.0100	get 0.0050% / 4h	3h 44m	$426K	$1.1M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.040%: −$2.93
Slippage, 4 orders: −$348.59
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$372.52
Costs to cover: 3.696%
Break-even: never at this rate

Slippage from BingX: live order book, 8 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 BingX live order book, 8 min ago	14.93 bp	38.5 bp −$38	142.4 bp −$1,424	698.1 bp −$69.8K	doesn't fit
Sell Bybit live order book, 1 min ago	16.36 bp	155.9 bp −$156	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	−0.0789%	1h	0.02691	−0.030%	$13K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0044%	4h	0.02687	−0.186%	$96K	$80K	50x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02689	−0.111%	$1.5M	$6.1M	50x	as long as short
Bybit CETUSUSDTshort	+0.0100%	4h	0.02692	+0.011%	$426K	$1.1M	13x
Gate CETUS_USDT	+0.0100%	4h	0.02693	+0.037%	$212K	$114K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02689	−0.111%	$223K	$138K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02694	+0.074%	$469K	$253K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02693	+0.037%	$292K	$227K	25x	as long as short
BingX CETUS-USDTlong	+0.0100%	4h	0.02692	long leg	—	$1.4M	—
Variational Omni CETUS	+0.0100%	4h	0.02686	−0.218%	$6K	$14K	—	as long as short