Funding arb · Price arb /

CETUS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.075%7-day average −0.231% · you buy dearer than you sell

Net, funding: paid 7d − costs−$837as in the Funding arb table

Net, price: spread back to 7d avg − costs−$814as in the Price arb table

costs, in and out, $10k−$8298.294% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.075%, 7d avg −0.231%

Together, before fees−0.089%−$9 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 0.156% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.231%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CETUSUSDTM	0.02682	0.0100	pay 0.0050% / 4h	3h 30m	$464K	$226K	30x
Short	MEXC CETUS_USDT	0.02680	0.0100	get 0.0050% / 4h	3h 30m	$232K	$134K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → −0.231%: $15.61
Slippage, 4 orders: −$813.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$813.79
Costs to cover: 8.294%
Break-even: never at this rate

Slippage from KuCoin: live order book, 43 min ago; MEXC: 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 KuCoin live order book, 43 min ago	29.56 bp	524.8 bp −$525	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	3.74 bp	17.4 bp −$17	80.4 bp −$804	170.8 bp −$17.1K	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	−0.1230%	1h	0.02683	+0.034%	$13K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0082%	4h	0.02671	−0.410%	$94K	$94K	50x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02680	−0.087%	$1.4M	$5.9M	50x	as long as short
Bybit CETUSUSDT	+0.0100%	4h	0.02683	+0.052%	$416K	$1.0M	13x	as long as short
Gate CETUS_USDT	+0.0100%	4h	0.02681	−0.037%	$208K	$108K	20x	as long as short
MEXC CETUS_USDTshort	+0.0100%	4h	0.02680	−0.075%	$232K	$134K	100x
KuCoin CETUSUSDTMlong	+0.0100%	4h	0.02682	long leg	$464K	$226K	30x
Bitget CETUSUSDT	+0.0100%	4h	0.02681	−0.037%	$285K	$212K	25x	as long as short
BingX CETUS-USDT	+0.0100%	4h	0.02676	−0.224%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02682	+0.012%	$6K	$14K	—	as long as short