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 MEXC+0.187%7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs−$714as in the Funding arb table

Net, price: spread back to 7d avg − costs−$712as in the Price arb table

costs, in and out, $10k−$7187.176% of the position

Long on MEXC Short on Gate

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)−0.118%−$12 · spread now +0.187%, 7d avg +0.130%

Together, before fees−0.086%−$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: Gate is 0.057% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CETUS_USDT	0.02680	0.0100	pay 0.0050% / 4h	2h 07m	$242K	$143K	100x
Short	Gate CETUS_USDT	0.02685	0.0100	get 0.0050% / 4h	2h 07m	$211K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now +0.187%Rate

Funding earned: $0
Price spread: +0.187% → +0.130%: $5.67
Slippage, 4 orders: −$698.62
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$711.95
Costs to cover: 7.176%
Break-even: never at this rate

Slippage from MEXC: live order book, 42 min ago; Gate: live order book, 54 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 MEXC live order book, 42 min ago	5.57 bp	22.6 bp −$23	82.8 bp −$828	167.5 bp −$16.8K	doesn't fit
Sell Gate live order book, 54 min ago	9.26 bp	153.3 bp −$153	doesn't fit	doesn't fit	doesn't fit

CETUS on 9 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	−0.0270%	1h	0.02683	+0.094%	$13K	$32K	10x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02680	0.000%	$1.5M	$6.0M	50x	as long as short
Bybit CETUSUSDT	+0.0100%	4h	0.02683	+0.119%	$425K	$1.0M	13x	as long as short
Gate CETUS_USDTshort	+0.0100%	4h	0.02685	+0.187%	$211K	$112K	20x
MEXC CETUS_USDTlong	+0.0100%	4h	0.02680	long leg	$242K	$143K	100x
KuCoin CETUSUSDTM	+0.0100%	4h	0.02692	+0.448%	$470K	$245K	30x	as long as short
Bitget CETUSUSDT	+0.0100%	4h	0.02683	+0.112%	$293K	$214K	25x	as long as short
BingX CETUS-USDT	+0.0100%	4h	0.02684	+0.149%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02683	+0.104%	$6K	$14K	—	as long as short