Funding arb · Price arb /

CETUS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget+0.082%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$302as in the Funding arb table

Net, price: spread back to 7d avg − costs−$296as in the Price arb table

costs, in and out, $10k−$3073.067% of the position

Long on Bitget Short on Bybit

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)−0.101%−$10 · spread now +0.082%, 7d avg −0.026%

Together, before fees−0.056%−$6 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 0.108% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CETUSUSDT	0.02673	0.0100	pay 0.0050% / 4h	3h 23m	$282K	$197K	25x
Short	Bybit CETUSUSDT	0.02675	0.0100	get 0.0050% / 4h	3h 23m	$421K	$1.0M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → −0.026%: $10.82
Slippage, 4 orders: −$283.73
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$295.91
Costs to cover: 3.067%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Bybit: 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, 2 min ago	13.16 bp	37.9 bp −$38	342.5 bp −$3,425	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	13.35 bp	124.2 bp −$124	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
Binance CETUSUSDT	+0.0100%	4h	0.02670	−0.106%	$1.4M	$5.2M	50x	as long as short
Bybit CETUSUSDTshort	+0.0100%	4h	0.02675	+0.082%	$421K	$1.0M	13x
Gate CETUS_USDT	+0.0100%	4h	0.02665	−0.299%	$208K	$96K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02667	−0.224%	$228K	$125K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02667	−0.224%	$448K	$180K	30x	as long as short
Bitget CETUSUSDTlong	+0.0100%	4h	0.02673	long leg	$282K	$197K	25x
BingX CETUS-USDT	+0.0100%	4h	0.02666	−0.262%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02654	−0.726%	$6K	$9K	—	as long as short
BloFin CETUS-USDT	+0.0155%	4h	0.02669	−0.150%	$91K	$86K	50x	as long as short
Kraken Futures PF_CETUSUSD	+0.0156%	1h	0.02671	−0.087%	$12K	$32K	10x	as long as short