Funding arb · Price arb /

CETUS

all CETUS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate−0.260%7-day average −0.140% · you buy dearer than you sell

Net, funding: paid 7d − costs−$805as in the Funding arb table

Net, price: spread back to 7d avg − costs−$813as in the Price arb table

costs, in and out, $10k−$8018.015% of the position

Long on Gate Short on Binance

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)+0.307%+$31 · spread now −0.260%, 7d avg −0.140%

Together, before fees+0.276%+$28 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: Binance is 0.120% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.140%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CETUS_USDT	0.02691	0.0100	pay 0.0050% / 4h	3h 05m	$210K	$96K	20x
Short	Binance CETUSUSDT	0.02684	0.0100	get 0.0050% / 4h	3h 05m	$1.4M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.260%Rate

Funding earned: $0
Price spread: −0.260% → −0.140%: −$12
Slippage, 4 orders: −$776.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$813.48
Costs to cover: 8.015%
Break-even: never at this rate

Slippage from Gate: live order book, 21 min ago; Binance: live order book, 2 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 Gate live order book, 21 min ago	7.52 bp	304.7 bp −$305	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	3.72 bp	51.0 bp −$51	203.3 bp −$2,033	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
Binance CETUSUSDTshort	+0.0100%	4h	0.02684	−0.260%	$1.4M	$5.1M	50x
Bybit CETUSUSDT	+0.0100%	4h	0.02690	−0.037%	$424K	$985K	13x	as long as short
Gate CETUS_USDTlong	+0.0100%	4h	0.02691	long leg	$210K	$96K	20x
MEXC CETUS_USDT	+0.0100%	4h	0.02684	−0.260%	$229K	$126K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02694	+0.111%	$473K	$185K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02687	−0.149%	$283K	$196K	25x	as long as short
BingX CETUS-USDT	+0.0100%	4h	0.02684	−0.260%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02692	+0.030%	$6K	$3K	—	as long as short
BloFin CETUS-USDT	+0.0155%	4h	0.02687	−0.149%	$91K	$86K	50x	as long as short
Kraken Futures PF_CETUSUSD	+0.0156%	1h	0.02684	−0.256%	$13K	$32K	10x	as long as short