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: Gate against Bybit−0.015%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,089as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,092as in the Price arb table

costs, in and out, $10k−$1,08910.888% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.015%, 7d avg +0.016%

Together, before fees−0.104%−$10 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 0.031% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CETUSUSDT	0.02713	0.0100	pay 0.0050% / 4h	1h 18m	$428K	$1.0M	13x
Short	Gate CETUS_USDT	0.02713	0.0100	get 0.0050% / 4h	1h 18m	$213K	$110K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.016%: −$3.11
Slippage, 4 orders: −$1,062.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,091.9
Costs to cover: 10.888%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 38 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, 2 min ago	7.00 bp	137.2 bp −$137	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 38 min ago	5.55 bp	294.8 bp −$295	doesn't fit	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	0.02707	−0.237%	$13K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0051%	4h	0.02718	+0.170%	$96K	$76K	50x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02708	−0.199%	$1.5M	$6.0M	50x	as long as short
Bybit CETUSUSDTlong	+0.0100%	4h	0.02713	long leg	$428K	$1.0M	13x
Gate CETUS_USDTshort	+0.0100%	4h	0.02713	−0.015%	$213K	$110K	20x
MEXC CETUS_USDT	+0.0100%	4h	0.02708	−0.199%	$234K	$140K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02722	+0.317%	$477K	$226K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02711	−0.088%	$294K	$215K	25x	as long as short
BingX CETUS-USDT	+0.0100%	4h	0.02714	+0.022%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02718	+0.157%	$6K	$14K	—	as long as short