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Funding arb · Price arb /

COTI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.1836%/8h= −201.0% APRnext payment −$9.18 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against BingX+0.165%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1501.497% of the position
Long on BingXShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.212%−$21 on $10k
Price spread, last 7 days−0.192%−$19 · spread now +0.165%, 7d avg +0.021%
Together, before fees−0.405%−$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.145% dearer against BingX than usual: you sell high and buy low (spread +0.165% now, against its 7-day average of +0.021%): +$14 on $10k if it goes back. Holding the pair costs −$55 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.212% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.212% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.18 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
LongBingX COTI-USDT0.01451−0.0414get 0.0207% / 4h31m 41s—$1.6M—
ShortGate COTI_USDT0.01453−0.2250pay 0.1125% / 4h31m 41s$430K$1.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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
−$385.56
Price spread: +0.165% → +0.021%
$14.46
Slippage, 4 orders
−$124.73
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$520.84
Costs to cover
1.497%
Break-even
never at this rate
Slippage from BingX: live order book, 15 min ago; Gate: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 15 min ago6.19 bp25.5 bp −$2567.7 bp −$677397.8 bp −$39.8K493.7 bp −$246.9K
Sell Gate live order book, just now6.88 bp51.9 bp −$52doesn't fitdoesn'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
Binance COTIUSDT−0.2896%4h0.01450−0.052%$7.8M$42.8M50xas long as short
MEXC COTI_USDT−0.2812%4h0.01450−0.055%$11.8M$2.2M50xas long as short
Aster COTIUSDT−0.2802%4h0.01451+0.021%$9K$340K5xas long as short
KuCoin COTIUSDTM−0.2368%4h0.01451+0.028%$1.8M$2.2M50xas long as short
Gate COTI_USDTshort−0.2250%4h0.01453+0.165%$430K$1.1M25x
BloFin COTI-USDT−0.1969%4h0.01454+0.227%$441K$632K50xas long as short
Bybit COTIUSDT−0.1104%8h0.01450−0.034%$3.7M$9.4M50xas long as short
Bitget COTIUSDT−0.0854%4h0.01450−0.041%$3.2M$3.2M50xas long as short
BingX COTI-USDTlong−0.0414%4h0.01451long leg—$1.6M—
Variational Omni COTI−0.0207%8h0.01443−0.521%$29K$38K—as long as short