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 Bitget+0.037%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$959as in the Funding arb table

Net, price: spread back to 7d avg − costs−$973as in the Price arb table

costs, in and out, $10k−$9689.677% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.037%, 7d avg +0.086%

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 0.049% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CETUSUSDT	0.02687	0.0100	pay 0.0050% / 4h	2h 05m	$294K	$214K	25x
Short	KuCoin CETUSUSDTM	0.02688	0.0100	get 0.0050% / 4h	2h 05m	$469K	$245K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.086%: −$4.91
Slippage, 4 orders: −$943.72
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$972.63
Costs to cover: 9.677%
Break-even: never at this rate

Slippage from Bitget: live order book, 55 min ago; KuCoin: live order book, 32 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, 55 min ago	12.95 bp	51.9 bp −$52	412.6 bp −$4,126	doesn't fit	doesn't fit
Sell KuCoin live order book, 32 min ago	20.43 bp	268.4 bp −$268	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	0.02686	−0.034%	$13K	$32K	10x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02682	−0.171%	$1.5M	$6.0M	50x	as long as short
Bybit CETUSUSDT	+0.0100%	4h	0.02687	+0.007%	$425K	$1.0M	13x	as long as short
Gate CETUS_USDT	+0.0100%	4h	0.02686	−0.037%	$211K	$112K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02683	−0.149%	$238K	$144K	100x	as long as short
KuCoin CETUSUSDTMshort	+0.0100%	4h	0.02688	+0.037%	$469K	$245K	30x
Bitget CETUSUSDTlong	+0.0100%	4h	0.02687	long leg	$294K	$214K	25x
BingX CETUS-USDT	+0.0100%	4h	0.02686	−0.037%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02686	−0.047%	$6K	$14K	—	as long as short