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: KuCoin against BingX+0.074%7-day average +0.156% · you sell dearer than you buy

Net, funding: paid 7d − costs−$920as in the Funding arb table

Net, price: spread back to 7d avg − costs−$932as in the Price arb table

costs, in and out, $10k−$9249.237% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.074%, 7d avg +0.156%

Together, before fees+0.048%+$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 0.082% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.156%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CETUS-USDT	0.02700	0.0100	pay 0.0050% / 4h	2h 50m	—	$1.4M	—
Short	KuCoin CETUSUSDTM	0.02702	0.0100	get 0.0050% / 4h	2h 50m	$469K	$247K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.156%: −$8.19
Slippage, 4 orders: −$901.73
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$931.92
Costs to cover: 9.237%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 61 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, 10 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 KuCoin live order book, 61 min ago	22.35 bp	245.1 bp −$245	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	−0.0269%	1h	0.02697	−0.109%	$13K	$32K	10x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02697	−0.095%	$1.5M	$6.1M	50x	as long as short
Bybit CETUSUSDT	+0.0100%	4h	0.02698	−0.081%	$431K	$1.1M	13x	as long as short
Gate CETUS_USDT	+0.0100%	4h	0.02700	0.000%	$212K	$111K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02696	−0.148%	$249K	$141K	100x	as long as short
KuCoin CETUSUSDTMshort	+0.0100%	4h	0.02702	+0.074%	$469K	$247K	30x
Bitget CETUSUSDT	+0.0100%	4h	0.02698	−0.074%	$295K	$216K	25x	as long as short
BingX CETUS-USDTlong	+0.0100%	4h	0.02700	long leg	—	$1.4M	—
Variational Omni CETUS	+0.0100%	4h	0.02698	−0.060%	$6K	$14K	—	as long as short
BloFin CETUS-USDT	+0.0105%	4h	0.02690	−0.370%	$98K	$71K	50x	as long as short