Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.6% APRpaid last 24h −0.029%
Price spread now: Binance against Bybit−0.043%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1431.428% of the position
Funding, last 7 days−0.288%−$29 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now −0.043%, 7d avg −0.086%
=The price spread pays, funding is against you. Binance is 0.043% dearer against Bybit than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.086%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 10.0 days. At the pace of the last 7 days (−0.288% in total) that is about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COTIUSDT | 0.01507 | 0.0100 | pay 0.0100% / 8h | 1h 40m | $3.7M | $6.8M | 50x |
| Short | Binance COTIUSDT | 0.01506 | 0.0086 | get 0.0043% / 4h | 1h 40m | $7.2M | $32.4M | 50x |
Bybit COTIUSDT
Binance COTIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$3.01
- Price spread: −0.043% → −0.086%
- $4.28
- Slippage, 4 orders
- −$121.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$141.57
- Costs to cover
- 1.428%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: 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 Bybit live order book, 2 min ago | 1.66 bp | 22.9 bp −$23 | 198.7 bp −$1,987 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.33 bp | 16.9 bp −$17 | 78.7 bp −$787 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster COTIUSDT | −0.0142% | 4h | 0.01508 | +0.043% | $9K | $281K | 5x | as long as short |
| Binance COTIUSDTshort | +0.0086% | 4h | 0.01506 | −0.043% | $7.2M | $32.4M | 50x | |
| MEXC COTI_USDT | +0.0094% | 4h | 0.01506 | −0.106% | $12.9M | $1.6M | 50x | as long as short |
| Bybit COTIUSDTlong | +0.0100% | 8h | 0.01507 | long leg | $3.7M | $6.8M | 50x | |
| Gate COTI_USDT | +0.0100% | 4h | 0.01507 | −0.007% | $436K | $824K | 25x | as long as short |
| KuCoin COTIUSDTM | +0.0100% | 4h | 0.01506 | −0.073% | $1.9M | $1.5M | 50x | as long as short |
| Bitget COTIUSDT | +0.0100% | 4h | 0.01508 | +0.060% | $3.3M | $2.3M | 50x | as long as short |
| Variational Omni COTI | +0.0100% | 8h | 0.01508 | +0.050% | $25K | $28K | — | as long as short |
| BingX COTI-USDT | +0.0200% | 4h | 0.01507 | −0.027% | — | $1.6M | — | as long as short |
| BloFin COTI-USDT | +0.0335% | 4h | 0.01503 | −0.299% | $397K | $426K | 50x | as long as short |
Aster COTIUSDT
MEXC COTI_USDT
Gate COTI_USDT
KuCoin COTIUSDTM
Bitget COTIUSDT
Variational Omni COTI
BingX COTI-USDT
BloFin COTI-USDT