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: Bybit against Gate−0.078%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$970as in the Funding arb table

Net, price: spread back to 7d avg − costs−$976as in the Price arb table

costs, in and out, $10k−$9709.696% of the position

Long on Gate Short on Bybit

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)+0.137%+$14 · spread now −0.078%, 7d avg −0.015%

Together, before fees+0.137%+$14 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: Bybit is 0.063% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CETUS_USDT	0.02688	0.0100	pay 0.0050% / 4h	2h 56m	$211K	$111K	20x
Short	Bybit CETUSUSDT	0.02686	0.0100	get 0.0050% / 4h	2h 56m	$425K	$1.1M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.015%: −$6.32
Slippage, 4 orders: −$943.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$975.95
Costs to cover: 9.696%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	9.26 bp	518.6 bp −$519	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	9.44 bp	148.9 bp −$149	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	−0.0269%	1h	0.02692	+0.133%	$13K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0067%	4h	0.02694	+0.223%	$98K	$68K	50x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02683	−0.186%	$1.5M	$6.1M	50x	as long as short
Bybit CETUSUSDTshort	+0.0100%	4h	0.02686	−0.078%	$425K	$1.1M	13x
Gate CETUS_USDTlong	+0.0100%	4h	0.02688	long leg	$211K	$111K	20x
MEXC CETUS_USDT	+0.0100%	4h	0.02685	−0.112%	$249K	$141K	100x	as long as short
KuCoin CETUSUSDTM	+0.0100%	4h	0.02691	+0.112%	$468K	$248K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02686	−0.074%	$294K	$221K	25x	as long as short
BingX CETUS-USDT	+0.0100%	4h	0.02688	0.000%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02697	+0.328%	$6K	$14K	—	as long as short