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: Gate against Bitget+0.186%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$786as in the Funding arb table

Net, price: spread back to 7d avg − costs−$770as in the Price arb table

costs, in and out, $10k−$7907.904% of the position

Long on Bitget Short on Gate

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)−0.232%−$23 · spread now +0.186%, 7d avg −0.014%

Together, before fees−0.188%−$19 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 0.200% dearer against Bitget than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CETUSUSDT	0.02683	0.0100	pay 0.0050% / 4h	2h 12m	$293K	$214K	25x
Short	Gate CETUS_USDT	0.02688	0.0100	get 0.0050% / 4h	2h 12m	$211K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.186%Rate

Funding earned: $0
Price spread: +0.186% → −0.014%: $20.03
Slippage, 4 orders: −$763.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$770.36
Costs to cover: 7.904%
Break-even: never at this rate

Slippage from Bitget: live order book, 48 min ago; Gate: live order book, 49 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, 48 min ago	12.95 bp	51.9 bp −$52	412.6 bp −$4,126	doesn't fit	doesn't fit
Sell Gate live order book, 49 min ago	9.26 bp	153.3 bp −$153	doesn't fit	doesn't fit	doesn't fit

CETUS on 9 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	−0.0270%	1h	0.02684	+0.028%	$13K	$32K	10x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02682	−0.037%	$1.5M	$6.0M	50x	as long as short
Bybit CETUSUSDT	+0.0100%	4h	0.02684	+0.019%	$425K	$1.0M	13x	as long as short
Gate CETUS_USDTshort	+0.0100%	4h	0.02688	+0.186%	$211K	$112K	20x
MEXC CETUS_USDT	+0.0100%	4h	0.02680	−0.112%	$242K	$143K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02686	+0.112%	$469K	$245K	30x	as long as short
Bitget CETUSUSDTlong	+0.0100%	4h	0.02683	long leg	$293K	$214K	25x
BingX CETUS-USDT	+0.0100%	4h	0.02683	0.000%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02678	−0.175%	$6K	$14K	—	as long as short