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: KuCoin against Bybit+0.030%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,169as in the Price arb table

costs, in and out, $10k−$1,16011.597% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.030%, 7d avg +0.118%

Together, before fees+0.043%+$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: KuCoin is 0.089% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CETUSUSDT	0.02702	0.0100	pay 0.0050% / 4h	26m 24s	$419K	$1.0M	13x
Short	KuCoin CETUSUSDTM	0.02703	0.0100	get 0.0050% / 4h	26m 24s	$470K	$226K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.118%: −$8.87
Slippage, 4 orders: −$1,136.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,168.61
Costs to cover: 11.597%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 56 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, 4 min ago	13.83 bp	144.7 bp −$145	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 56 min ago	16.49 bp	653.7 bp −$654	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	−0.0488%	1h	0.02702	−0.019%	$13K	$32K	10x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02697	−0.186%	$1.4M	$6.0M	50x	as long as short
Bybit CETUSUSDTlong	+0.0100%	4h	0.02702	long leg	$419K	$1.0M	13x
Gate CETUS_USDT	+0.0100%	4h	0.02706	+0.141%	$213K	$109K	20x	as long as short
MEXC CETUS_USDT	+0.0100%	4h	0.02697	−0.192%	$233K	$137K	100x	as long as short
KuCoin CETUSUSDTMshort	+0.0100%	4h	0.02703	+0.030%	$470K	$226K	30x
Bitget CETUSUSDT	+0.0100%	4h	0.02700	−0.081%	$292K	$213K	25x	as long as short
BingX CETUS-USDT	+0.0100%	4h	0.02704	+0.067%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02710	+0.275%	$6K	$14K	—	as long as short
BloFin CETUS-USDT	+0.0105%	4h	0.02697	−0.192%	$95K	$76K	50x	as long as short