Funding you earn now, next payment 08:00 UTC−0.3080%/8h= −337.3% APRnext payment −$15.40 per $10,000 · paid last 24h −0.075%
Price spread now: BloFin against BingX−0.227%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$890.893% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+0.646%+$65 · spread now −0.227%, 7d avg −0.058%
=Both sides work against this trade now: funding costs −$92 a day on $10k at the current rate, and BloFin is 0.169% cheaper against BingX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.058%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.40 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 | BingX COTI-USDT | 0.01500 | −0.1956 | get 0.0978% / 4h | 1h 42m | — | $1.7M | — |
| Short | BloFin COTI-USDT | 0.01497 | −0.5036 | pay 0.2518% / 4h | 1h 42m | $466K | $660K | 50x |
BingX COTI-USDT
BloFin COTI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$646.83
- Price spread: −0.227% → −0.058%
- −$16.87
- Slippage, 4 orders
- −$67.28
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$752.98
- Costs to cover
- 0.893%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 44 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 BingX live order book, 5 min ago | 5.31 bp | 25.9 bp −$26 | 69.4 bp −$694 | 421.7 bp −$42.2K | 512.0 bp −$256.0K |
| Sell BloFin live order book, 44 min ago | 2.72 bp | 17.4 bp −$17 | 53.3 bp −$533 | doesn't fit | doesn't fit |
COTI 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COTIUSDT | −0.7230% | 4h | 0.01500 | −0.003% | $8.5M | $46.6M | 50x | as long as short |
| MEXC COTI_USDT | −0.7194% | 4h | 0.01498 | −0.133% | $12.0M | $2.3M | 50x | as long as short |
| KuCoin COTIUSDTM | −0.7064% | 4h | 0.01495 | −0.353% | $1.9M | $2.4M | 50x | as long as short |
| Aster COTIUSDT | −0.7002% | 4h | 0.01506 | +0.400% | $9K | $374K | 5x | as long as short |
| Gate COTI_USDT | −0.6870% | 4h | 0.01504 | +0.247% | $447K | $1.2M | 25x | as long as short |
| Bitget COTIUSDT | −0.6806% | 4h | 0.01499 | −0.087% | $3.5M | $3.6M | 50x | as long as short |
| BloFin COTI-USDTshort | −0.5036% | 4h | 0.01497 | −0.227% | $466K | $660K | 50x | |
| Bybit COTIUSDT | −0.2813% | 8h | 0.01502 | +0.093% | $3.9M | $9.9M | 50x | as long as short |
| Variational Omni COTI | −0.2249% | 8h | 0.01510 | +0.616% | $30K | $39K | — | as long as short |
| BingX COTI-USDTlong | −0.1956% | 4h | 0.01500 | long leg | — | $1.7M | — |
Binance COTIUSDT
MEXC COTI_USDT
KuCoin COTIUSDTM
Aster COTIUSDT
Gate COTI_USDT
Bitget COTIUSDT
Bybit COTIUSDT
Variational Omni COTI