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: Bitget against Bybit−0.055%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$420as in the Funding arb table

Net, price: spread back to 7d avg − costs−$424as in the Price arb table

costs, in and out, $10k−$4154.153% of the position

Long on Bybit Short on Bitget

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)+0.073%+$7 · spread now −0.055%, 7d avg +0.030%

Together, before fees+0.029%+$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: Bitget is 0.085% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CETUSUSDT	0.02715	0.0100	pay 0.0050% / 4h	1h 19m	$429K	$1.0M	13x
Short	Bitget CETUSUSDT	0.02714	0.0100	get 0.0050% / 4h	1h 19m	$295K	$215K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → +0.030%: −$8.5
Slippage, 4 orders: −$392.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$423.77
Costs to cover: 4.153%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 35 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, 1 min ago	7.00 bp	137.2 bp −$137	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 35 min ago	12.98 bp	75.3 bp −$75	310.6 bp −$3,106	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	−0.0203%	1h	0.02715	−0.031%	$13K	$32K	10x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02711	−0.166%	$1.5M	$6.0M	50x	as long as short
Bybit CETUSUSDTlong	+0.0100%	4h	0.02715	long leg	$429K	$1.0M	13x
Gate CETUS_USDT	+0.0100%	4h	0.02713	−0.092%	$213K	$110K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02712	−0.129%	$234K	$140K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02726	+0.387%	$478K	$226K	30x	as long as short
Bitget CETUSUSDTshort	+0.0100%	4h	0.02714	−0.055%	$295K	$215K	25x
BingX CETUS-USDT	+0.0100%	4h	0.02714	−0.055%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02718	+0.079%	$6K	$14K	—	as long as short
BloFin CETUS-USDT	+0.0134%	4h	0.02718	+0.092%	$96K	$76K	50x	as long as short