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: KuCoin against MEXC+0.075%7-day average +0.231% · you sell dearer than you buy

Net, funding: paid 7d − costs−$822as in the Funding arb table

Net, price: spread back to 7d avg − costs−$845as in the Price arb table

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

Long on MEXC Short on KuCoin

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: KuCoin is 0.156% cheaper against MEXC than usual: you would sell low and buy high, −$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	MEXC CETUS_USDT	0.02680	0.0100	pay 0.0050% / 4h	3h 30m	$232K	$134K	100x
Short	KuCoin CETUSUSDTM	0.02682	0.0100	get 0.0050% / 4h	3h 30m	$464K	$226K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → +0.231%: −$15.6
Slippage, 4 orders: −$813.4
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$845
Costs to cover: 8.294%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 43 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, 4 min ago	3.74 bp	19.3 bp −$19	75.4 bp −$754	174.3 bp −$17.4K	doesn't fit
Sell KuCoin live order book, 43 min ago	29.56 bp	267.9 bp −$268	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	−0.1230%	1h	0.02683	+0.109%	$13K	$32K	10x	as long as short
BloFin CETUS-USDT	+0.0082%	4h	0.02671	−0.336%	$94K	$94K	50x	as long as short
Binance CETUSUSDT	+0.0100%	4h	0.02680	−0.012%	$1.4M	$5.9M	50x	as long as short
Bybit CETUSUSDT	+0.0100%	4h	0.02683	+0.127%	$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_USDTlong	+0.0100%	4h	0.02680	long leg	$232K	$134K	100x
KuCoin CETUSUSDTMshort	+0.0100%	4h	0.02682	+0.075%	$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	−0.149%	—	$1.4M	—	as long as short
Variational Omni CETUS	+0.0100%	4h	0.02682	+0.087%	$6K	$14K	—	as long as short