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 Bybit+0.052%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$394as in the Funding arb table

Net, price: spread back to 7d avg − costs−$383as in the Price arb table

costs, in and out, $10k−$3943.936% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.035%−$4 · spread now +0.052%, 7d avg −0.055%

Together, before fees−0.035%−$4 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 0.107% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CETUSUSDT	0.02709	0.0100	pay 0.0050% / 4h	1h 17m	$427K	$1.0M	13x
Short	BingX CETUS-USDT	0.02710	0.0100	get 0.0050% / 4h	1h 17m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → −0.055%: $10.65
Slippage, 4 orders: −$372.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$382.95
Costs to cover: 3.936%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 4 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, 3 min ago	7.00 bp	137.2 bp −$137	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 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	0.02707	−0.060%	$13K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0051%	4h	0.02718	+0.347%	$96K	$76K	50x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02708	−0.029%	$1.5M	$6.0M	50x	as long as short
Bybit CETUSUSDTlong	+0.0100%	4h	0.02709	long leg	$427K	$1.0M	13x
Gate CETUS_USDT	+0.0100%	4h	0.02713	+0.162%	$213K	$110K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02707	−0.059%	$234K	$140K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02722	+0.495%	$477K	$226K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02711	+0.089%	$294K	$215K	25x	as long as short
BingX CETUS-USDTshort	+0.0100%	4h	0.02710	+0.052%	—	$1.4M	—
Variational Omni CETUS	+0.0100%	4h	0.02718	+0.334%	$6K	$14K	—	as long as short