Funding arb · Price arb /

CETUS

all CETUS markets

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: Binance against Bybit−0.089%7-day average −0.138% · you buy dearer than you sell

Net, funding: paid 7d − costs−$380as in the Funding arb table

Net, price: spread back to 7d avg − costs−$372as in the Price arb table

costs, in and out, $10k−$3773.767% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.065%+$7 · spread now −0.089%, 7d avg −0.138%

Together, before fees+0.034%+$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: Binance is 0.049% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.138%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CETUSUSDT	0.02707	0.0100	pay 0.0050% / 4h	30m 25s	$420K	$1.0M	13x
Short	Binance CETUSUSDT	0.02705	0.0100	get 0.0050% / 4h	30m 25s	$1.5M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.138%: $4.9
Slippage, 4 orders: −$355.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$371.79
Costs to cover: 3.767%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 8 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 Bybit live order book, 5 min ago	13.75 bp	132.4 bp −$132	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	3.72 bp	56.1 bp −$56	226.7 bp −$2,267	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
Kraken Futures PF_CETUSUSD	−0.0487%	1h	0.02707	+0.003%	$13K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0067%	4h	0.02704	−0.126%	$96K	$76K	50x	as long as short
Binance CETUSUSDTshort	+0.0100%	4h	0.02705	−0.089%	$1.5M	$6.0M	50x
Bybit CETUSUSDTlong	+0.0100%	4h	0.02707	long leg	$420K	$1.0M	13x
Gate CETUS_USDT	+0.0100%	4h	0.02705	−0.089%	$213K	$109K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02707	−0.015%	$234K	$137K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02710	+0.096%	$472K	$226K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02706	−0.052%	$293K	$213K	25x	as long as short
BingX CETUS-USDT	+0.0100%	4h	0.02707	−0.015%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02710	+0.082%	$6K	$14K	—	as long as short