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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+0.1573%/8h= +172.2% APRnext payment +$7.86 per $10,000 · paid last 24h −0.014%
Price spread now: BingX against BloFin+0.193%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$790.794% of the position
Long on BloFinShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$5 on $10k
Price spread, last 4 days (all we have)−1.409%−$141 · spread now +0.193%, 7d avg +0.047%
Together, before fees−1.454%−$145 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and BingX is 0.146% dearer against BloFin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.047%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.86 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
LongBloFin COTI-USDT0.01451−0.2637get 0.1318% / 4h3m 05s$440K$639K50x
ShortBingX COTI-USDT0.01454−0.1064pay 0.0532% / 4h3m 05s—$1.6M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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
$330.32
Price spread: +0.193% → +0.047%
$14.59
Slippage, 4 orders
−$57.4
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
$265.52
Costs to cover
0.794%
Break-even
1.4 days
Slippage from BloFin: live order book, 33 min ago; BingX: 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 BloFin live order book, 33 min ago1.73 bp19.3 bp −$1949.4 bp −$494doesn't fitdoesn't fit
Sell BingX live order book, 4 min ago5.48 bp22.3 bp −$2255.3 bp −$553285.3 bp −$28.5K415.7 bp −$207.9K

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−0.3767%4h0.01454+0.235%$7.9M$43.5M50xas long as short
MEXC COTI_USDT−0.3766%4h0.01452+0.103%$11.8M$2.3M50xas long as short
Aster COTIUSDT−0.3677%4h0.01462+0.737%$11K$334K5xas long as short
KuCoin COTIUSDTM−0.3324%4h0.01453+0.145%$1.7M$2.3M50xas long as short
Gate COTI_USDT−0.3270%4h0.01457+0.420%$426K$1.1M25xas long as short
BloFin COTI-USDTlong−0.2637%4h0.01451long leg$440K$639K50x
Bitget COTIUSDT−0.1886%4h0.01456+0.352%$3.3M$3.3M50xas long as short
Bybit COTIUSDT−0.1602%8h0.01455+0.248%$3.7M$9.5M50xas long as short
BingX COTI-USDTshort−0.1064%4h0.01454+0.193%—$1.6M—
Variational Omni COTI−0.0601%8h0.01456+0.386%$29K$39K—as long as short