Funding you earn now, next payment 08:00 UTC−0.0795%/8h= −87.1% APRpaid last 24h +0.051%
Price spread now: Bybit against BingX−0.089%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1851.849% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 7 days+0.117%+$12 · spread now −0.089%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Bybit is 0.141% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.052%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.4% a year). A funding rate is set anew for every payment. 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 | 0.01462 | −0.1746 | get 0.0873% / 4h | 2h 32m | — | $1.6M | — |
| Short | Bybit COTIUSDT | 0.01461 | −0.2541 | pay 0.2541% / 8h | 2h 32m | $3.7M | $9.7M | 50x |
BingX COTI-USDT
Bybit COTIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$166.98
- Price spread: −0.089% → +0.052%
- −$14.11
- Slippage, 4 orders
- −$163.9
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$365.98
- Costs to cover
- 1.849%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 1 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, 10 min ago | 5.47 bp | 20.6 bp −$21 | 54.9 bp −$549 | 392.5 bp −$39.2K | 472.3 bp −$236.1K |
| Sell Bybit live order book, 1 min ago | 0.34 bp | 82.5 bp −$82 | 233.2 bp −$2,332 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate COTI_USDT | −0.6910% | 4h | 0.01465 | +0.212% | $447K | $1.1M | 25x | as long as short |
| Binance COTIUSDT | −0.6131% | 4h | 0.01459 | −0.209% | $8.1M | $45.5M | 50x | as long as short |
| MEXC COTI_USDT | −0.6096% | 4h | 0.01461 | −0.068% | $11.8M | $2.3M | 50x | as long as short |
| Aster COTIUSDT | −0.5867% | 4h | 0.01462 | −0.014% | $10K | $360K | 5x | as long as short |
| KuCoin COTIUSDTM | −0.5600% | 4h | 0.01464 | +0.144% | $1.8M | $2.3M | 50x | as long as short |
| Bitget COTIUSDT | −0.4306% | 4h | 0.01459 | −0.198% | $3.3M | $3.5M | 50x | as long as short |
| BloFin COTI-USDT | −0.4268% | 4h | 0.01459 | −0.233% | $450K | $651K | 50x | as long as short |
| Bybit COTIUSDTshort | −0.2541% | 8h | 0.01461 | −0.089% | $3.7M | $9.7M | 50x | |
| BingX COTI-USDTlong | −0.1746% | 4h | 0.01462 | long leg | — | $1.6M | — | |
| Variational Omni COTI | −0.1735% | 8h | 0.01470 | +0.566% | $30K | $39K | — | as long as short |
Gate COTI_USDT
Binance COTIUSDT
MEXC COTI_USDT
Aster COTIUSDT
KuCoin COTIUSDTM
Bitget COTIUSDT
BloFin COTI-USDT
Variational Omni COTI