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: MEXC against Bybit−0.174%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$339as in the Funding arb table

Net, price: spread back to 7d avg − costs−$342as in the Price arb table

costs, in and out, $10k−$3363.361% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.174%, 7d avg −0.114%

Together, before fees+0.060%+$6 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: MEXC is 0.060% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CETUSUSDT	0.02704	0.0100	pay 0.0050% / 4h	26m 59s	$419K	$1.0M	13x
Short	MEXC CETUS_USDT	0.02699	0.0100	get 0.0050% / 4h	26m 59s	$233K	$137K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.114%: −$5.96
Slippage, 4 orders: −$321.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$342.02
Costs to cover: 3.361%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 13 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	13.83 bp	144.7 bp −$145	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 13 min ago	3.72 bp	20.6 bp −$21	98.1 bp −$981	169.2 bp −$16.9K	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	−0.075%	$13K	$32K	10x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02700	−0.137%	$1.4M	$6.0M	50x	as long as short
Bybit CETUSUSDTlong	+0.0100%	4h	0.02704	long leg	$419K	$1.0M	13x
Gate CETUS_USDT	+0.0100%	4h	0.02707	+0.122%	$213K	$109K	20x	as long as short
MEXC CETUS_USDTshort	+0.0100%	4h	0.02699	−0.174%	$233K	$137K	100x
KuCoin CETUSUSDTM	+0.0100%	4h	0.02703	−0.026%	$470K	$226K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02701	−0.100%	$292K	$213K	25x	as long as short
BingX CETUS-USDT	+0.0100%	4h	0.02704	+0.011%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02710	+0.219%	$6K	$14K	—	as long as short
BloFin CETUS-USDT	+0.0105%	4h	0.02697	−0.248%	$95K	$76K	50x	as long as short