Funding arb · Price arb /

CETUS

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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: Gate against BingX+0.112%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$896as in the Funding arb table

Net, price: spread back to 7d avg − costs−$891as in the Price arb table

costs, in and out, $10k−$8968.962% of the position

Long on BingX Short on Gate

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)−0.094%−$9 · spread now +0.112%, 7d avg +0.059%

Together, before fees−0.094%−$9 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: Gate is 0.054% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CETUS-USDT	0.02670	0.0100	pay 0.0050% / 4h	1h 09m	—	$1.4M	—
Short	Gate CETUS_USDT	0.02673	0.0100	get 0.0050% / 4h	1h 09m	$207K	$102K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → +0.059%: $5.35
Slippage, 4 orders: −$871.16
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$890.81
Costs to cover: 8.962%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Gate: live order book, 27 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, 6 min ago	14.96 bp	43.0 bp −$43	169.5 bp −$1,695	713.1 bp −$71.3K	doesn't fit
Sell Gate live order book, 27 min ago	9.40 bp	294.8 bp −$295	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	0.02668	−0.080%	$12K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0076%	4h	0.02668	−0.075%	$92K	$86K	50x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02666	−0.160%	$1.4M	$5.5M	50x	as long as short
Bybit CETUSUSDT	+0.0100%	4h	0.02670	+0.015%	$440K	$1.0M	13x	as long as short
Gate CETUS_USDTshort	+0.0100%	4h	0.02673	+0.112%	$207K	$102K	20x
MEXC CETUS_USDT	+0.0100%	4h	0.02667	−0.112%	$225K	$133K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02670	0.000%	$443K	$183K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02668	−0.075%	$283K	$199K	25x	as long as short
BingX CETUS-USDTlong	+0.0100%	4h	0.02670	long leg	—	$1.4M	—
Variational Omni CETUS	+0.0100%	4h	0.02671	+0.025%	$6K	$14K	—	as long as short