Funding you earn now, next payment 04:00 UTC−0.2030%/8h= −222.3% APRnext payment −$10.15 per $10,000 · paid last 24h −0.038%
Price spread now: Binance against Bitget−0.171%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$950.954% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days+0.419%+$42 · spread now −0.171%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$61 a day on $10k at the current rate, and Binance is 0.180% cheaper against Bitget than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.15 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 | Bitget COTIUSDT | 0.01454 | 0.0008 | pay 0.0004% / 4h | 56m 11s | $3.2M | $3.2M | 50x |
| Short | Binance COTIUSDT | 0.01452 | −0.2022 | pay 0.1011% / 4h | 56m 11s | $7.8M | $42.3M | 50x |
Bitget COTIUSDT
Binance COTIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$426.24
- Price spread: −0.171% → +0.010%
- −$18.03
- Slippage, 4 orders
- −$73.44
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$539.71
- Costs to cover
- 0.954%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 16 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 Bitget live order book, 2 min ago | 6.92 bp | 32.0 bp −$32 | 136.4 bp −$1,364 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 2.39 bp | 19.0 bp −$19 | 92.9 bp −$929 | 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 COTIUSDTshort | −0.2022% | 4h | 0.01452 | −0.171% | $7.8M | $42.3M | 50x | |
| Aster COTIUSDT | −0.2016% | 4h | 0.01452 | −0.124% | $11K | $318K | 5x | as long as short |
| MEXC COTI_USDT | −0.1952% | 4h | 0.01452 | −0.117% | $11.9M | $2.2M | 50x | as long as short |
| BloFin COTI-USDT | −0.1367% | 4h | 0.01448 | −0.413% | $439K | $626K | 50x | as long as short |
| KuCoin COTIUSDTM | −0.1314% | 4h | 0.01453 | −0.069% | $1.8M | $2.2M | 50x | as long as short |
| Gate COTI_USDT | −0.1056% | 4h | 0.01453 | −0.069% | $433K | $1.1M | 25x | as long as short |
| Bybit COTIUSDT | −0.0557% | 8h | 0.01452 | −0.103% | $3.7M | $9.3M | 50x | as long as short |
| Bitget COTIUSDTlong | +0.0008% | 4h | 0.01454 | long leg | $3.2M | $3.2M | 50x | |
| BingX COTI-USDT | +0.0100% | 4h | 0.01452 | −0.110% | — | $1.6M | — | as long as short |
| Variational Omni COTI | +0.0100% | 8h | 0.01448 | −0.395% | $29K | $38K | — | as long as short |
Aster COTIUSDT
MEXC COTI_USDT
BloFin COTI-USDT
KuCoin COTIUSDTM
Gate COTI_USDT
Bybit COTIUSDT
BingX COTI-USDT
Variational Omni COTI