Settings8H · net · $10k
Funding arb · Price arb /

COTI

all COTI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0565%/8h= +61.8% APRnext payment +$2.82 per $10,000 · paid last 24h +0.008%
Price spread now: KuCoin against Binance−0.020%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1481.476% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.076%−$8 on $10k
Price spread, last 7 days+0.075%+$8 · spread now −0.020%, 7d avg −0.027%
Together, before fees−0.001%$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance COTIUSDT0.01474−0.0465get 0.0232% / 4h3h 12m$7.6M$37.2M50x
ShortKuCoin COTIUSDTM0.014740.0100get 0.0050% / 4h3h 12m$1.9M$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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

Funding earned
$118.59
Price spread: −0.020% → −0.027%
$0.71
Slippage, 4 orders
−$125.61
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$28.31
Costs to cover
1.476%
Break-even
8.7 days
Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 15 min ago3.37 bp24.1 bp −$2489.7 bp −$897doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago10.22 bp52.4 bp −$52240.5 bp −$2,405doesn't fitdoesn't fit

COTI on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster COTIUSDT−0.0591%4h0.01473−0.109%$8K$299K5xas long as short
MEXC COTI_USDT−0.0466%4h0.01472−0.183%$12.5M$2.0M50xas long as short
Binance COTIUSDTlong−0.0465%4h0.01474long leg$7.6M$37.2M50x
BloFin COTI-USDT−0.0226%4h0.01472−0.163%$423K$519K50xas long as short
Bybit COTIUSDT+0.0100%8h0.01476+0.102%$3.7M$8.2M50xas long as short
Gate COTI_USDT+0.0100%4h0.01475+0.047%$435K$925K25xas long as short
KuCoin COTIUSDTMshort+0.0100%4h0.01474−0.020%$1.9M$1.8M50x
Bitget COTIUSDT+0.0100%4h0.01477+0.183%$3.3M$2.7M50xas long as short
BingX COTI-USDT+0.0100%4h0.01474−0.014%$1.6Mas long as short
Variational Omni COTI+0.0100%8h0.01464−0.697%$30K$37Kas long as short