CETUS arbitrage explained
Right now Cetus Protocol (CETUS) trades on 8 venues we scan: 6 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Binance perp at $0.0261 and the highest bid on KuCoin perp at $0.0262.
The widest CETUS perpetual spread is between Binance and KuCoin: long CETUS on Binance at $0.0261 and short on KuCoin at $0.0262 for +0.19% gross, or +0.03% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CETUS route is to buy spot on KuCoin and short the perpetual on KuCoin: +0.08% gross, -0.12% net, with +0.030% a day of funding on the short leg.
Spot–spot CETUS arbitrage (buy on KuCoin, withdraw, deposit and sell on OKX) shows +0.04% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small CETUS gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: CETUS funding rates · CETUS spread charts · Cetus Protocol price · arbitrage scanner for all coins.