Funding you earn now, next payment 08:00 UTC−0.0267%/8h= −29.2% APRnext payment −$1.33 per $10,000 · paid last 24h −0.081%
Price spread now: Bitget against Binance+0.062%7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1221.218% of the position
Funding, last 7 days−0.165%−$17 on $10k
+Price spread, last 7 days−0.166%−$17 · spread now +0.062%, 7d avg −0.061%
=The price spread pays, funding is against you. Bitget is 0.123% dearer against Binance than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.061%): +$12 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.165% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.165% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COAIUSDT | 0.3229 | 0.0367 | pay 0.0183% / 4h | 2h 00m | $3.4M | $1.3M | 10x |
| Short | Bitget COAIUSDT | 0.3231 | 0.0100 | get 0.0050% / 4h | 2h 00m | $2.2M | $215K | 10x |
Binance COAIUSDT
Bitget COAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$56.04
- Price spread: +0.062% → −0.061%
- $12.29
- Slippage, 4 orders
- −$99.76
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$165.52
- Costs to cover
- 1.218%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 2 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 Binance live order book, 6 min ago | 3.10 bp | 34.4 bp −$34 | 433.5 bp −$4,335 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 4.64 bp | 30.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
COAI on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT COAI_USDT_Perp | 0.0000% | 4h | 0.2809 | −13.005% | $237K | $897 | 10x | as long as short |
| Aster COAIUSDT | +0.0100% | 4h | 0.3228 | −0.046% | $35K | $14K | 5x | as long as short |
| Bybit COAIUSDT | +0.0100% | 4h | 0.3228 | −0.031% | $2.8M | $416K | 13x | as long as short |
| Gate COAI_USDT | +0.0100% | 8h | 0.3225 | −0.124% | $1.3M | $78K | 10x | as long as short |
| Bitget COAIUSDTshort | +0.0100% | 4h | 0.3231 | +0.062% | $2.2M | $215K | 10x | |
| SunX COAI-USDT | +0.0100% | 4h | 0.3225 | −0.115% | $1K | $1.1M | 20x | as long as short |
| OKX COAI-USDT-SWAP | +0.0282% | 4h | 0.3232 | +0.093% | $1.2M | $456K | 10x | as long as short |
| MEXC COAI_USDT | +0.0364% | 4h | 0.3230 | +0.031% | $2.9M | $367K | 50x | as long as short |
| BingX COAI-USDT | +0.0366% | 4h | 0.3228 | −0.031% | — | $2.3M | — | as long as short |
| Binance COAIUSDTlong | +0.0367% | 4h | 0.3229 | long leg | $3.4M | $1.3M | 10x |
GRVT COAI_USDT_Perp
Aster COAIUSDT
Bybit COAIUSDT
Gate COAI_USDT
SunX COAI-USDT
OKX COAI-USDT-SWAP
MEXC COAI_USDT
BingX COAI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin COAIUSDTM | +0.0392% | 4h | 0.3223 | −0.173% | $2.4M | $2.2M | 10x | as long as short |
KuCoin COAIUSDTM