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: BingX against Bitget0.000%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2202.201% of the position

Long on Bitget Short on BingX

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)−0.137%−$14 · spread now 0.000%, 7d avg −0.070%

Together, before fees−0.092%−$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: BingX is 0.070% dearer against Bitget than usual: you sell high and buy low, +$7 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	Bitget CETUSUSDT	0.02714	0.0100	pay 0.0050% / 4h	1h 20m	$295K	$215K	25x
Short	BingX CETUS-USDT	0.02714	0.0100	get 0.0050% / 4h	1h 20m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.070%: $6.97
Slippage, 4 orders: −$198.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$213.13
Costs to cover: 2.201%
Break-even: never at this rate

Slippage from Bitget: live order book, 35 min ago; BingX: live order book, 2 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 Bitget live order book, 35 min ago	12.98 bp	45.6 bp −$46	416.1 bp −$4,161	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	12.89 bp	52.4 bp −$52	166.5 bp −$1,665	687.2 bp −$68.7K	900.2 bp −$450.1K

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	−0.0203%	1h	0.02715	+0.024%	$13K	$32K	10x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02711	−0.094%	$1.5M	$6.0M	50x	as long as short
Bybit CETUSUSDT	+0.0100%	4h	0.02716	+0.070%	$429K	$1.0M	13x	as long as short
Gate CETUS_USDT	+0.0100%	4h	0.02713	−0.037%	$213K	$110K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02712	−0.074%	$234K	$140K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02726	+0.442%	$478K	$226K	30x	as long as short
Bitget CETUSUSDTlong	+0.0100%	4h	0.02714	long leg	$295K	$215K	25x
BingX CETUS-USDTshort	+0.0100%	4h	0.02714	0.000%	—	$1.4M	—
Variational Omni CETUS	+0.0100%	4h	0.02718	+0.134%	$6K	$14K	—	as long as short
BloFin CETUS-USDT	+0.0134%	4h	0.02718	+0.147%	$96K	$76K	50x	as long as short