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: Gate against KuCoin−0.074%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,780as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,773as in the Price arb table

costs, in and out, $10k−$1,77617.760% of the position

Long on KuCoin Short on Gate

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)−0.017%−$2 · spread now −0.074%, 7d avg −0.101%

Together, before fees−0.057%−$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: Gate is 0.028% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CETUSUSDTM	0.02709	0.0100	pay 0.0050% / 4h	27m 14s	$471K	$226K	30x
Short	Gate CETUS_USDT	0.02707	0.0100	get 0.0050% / 4h	27m 14s	$213K	$109K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → −0.101%: $2.76
Slippage, 4 orders: −$1,749.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,773.29
Costs to cover: 17.760%
Break-even: never at this rate

Slippage from KuCoin: live order book, 55 min ago; Gate: live order book, 24 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 KuCoin live order book, 55 min ago	16.49 bp	209.5 bp −$209	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 24 min ago	9.25 bp	264.1 bp −$264	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	−0.270%	$13K	$32K	10x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02700	−0.332%	$1.4M	$6.0M	50x	as long as short
Bybit CETUSUSDT	+0.0100%	4h	0.02703	−0.221%	$419K	$1.0M	13x	as long as short
Gate CETUS_USDTshort	+0.0100%	4h	0.02707	−0.074%	$213K	$109K	20x
MEXC CETUS_USDT	+0.0100%	4h	0.02699	−0.369%	$233K	$137K	100x	as long as short
KuCoin CETUSUSDTMlong	+0.0100%	4h	0.02709	long leg	$471K	$226K	30x
Bitget CETUSUSDT	+0.0100%	4h	0.02700	−0.332%	$292K	$213K	25x	as long as short
BingX CETUS-USDT	+0.0100%	4h	0.02704	−0.185%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02710	+0.023%	$6K	$14K	—	as long as short
BloFin CETUS-USDT	+0.0105%	4h	0.02697	−0.443%	$95K	$76K	50x	as long as short