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: MEXC against BingX−0.038%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1421.421% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.038%, 7d avg −0.073%

Together, before fees−0.033%−$3 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 0.036% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CETUS-USDT	0.02664	0.0100	pay 0.0050% / 4h	23m 42s	—	$1.4M	—
Short	MEXC CETUS_USDT	0.02663	0.0100	get 0.0050% / 4h	23m 42s	$229K	$131K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → −0.073%: $3.59
Slippage, 4 orders: −$128.09
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$138.5
Costs to cover: 1.421%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; MEXC: 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, 8 min ago	15.07 bp	47.6 bp −$48	147.6 bp −$1,476	721.7 bp −$72.2K	doesn't fit
Sell MEXC live order book, 61 min ago	3.74 bp	21.3 bp −$21	106.5 bp −$1,065	187.0 bp −$18.7K	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	−0.0322%	1h	0.02663	−0.021%	$12K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0041%	4h	0.02659	−0.188%	$92K	$86K	50x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02661	−0.108%	$1.4M	$5.3M	50x	as long as short
Bybit CETUSUSDT	+0.0100%	4h	0.02668	+0.150%	$435K	$1.0M	13x	as long as short
Gate CETUS_USDT	+0.0100%	4h	0.02665	+0.038%	$207K	$98K	20x	as long as short
MEXC CETUS_USDTshort	+0.0100%	4h	0.02663	−0.038%	$229K	$131K	100x
KuCoin CETUSUSDTM	+0.0100%	4h	0.02665	+0.038%	$445K	$180K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02666	+0.075%	$286K	$196K	25x	as long as short
BingX CETUS-USDTlong	+0.0100%	4h	0.02664	long leg	—	$1.4M	—
Variational Omni CETUS	+0.0100%	4h	0.02665	+0.053%	$6K	$14K	—	as long as short