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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 08:00 UTC−0.4232%/8h= −463.4% APRpaid last 24h −0.103%
Price spread now: Bitget against Bybit+0.081%7-day average −0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$234as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1991.990% of the position
Long on BybitShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.353%−$35 on $10k
Price spread, last 7 days−0.314%−$31 · spread now +0.081%, 7d avg −0.094%
Together, before fees−0.667%−$67 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.174% dearer against Bybit than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of −0.094%): +$17 on $10k if it goes back. Holding the pair costs −$127 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.353% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.353% in total (about -18.4% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit COTIUSDT0.01489−0.3344get 0.3344% / 8h1h 08m$3.8M$10.1M50x
ShortBitget COTIUSDT0.01490−0.7576pay 0.3788% / 4h1h 08m$3.5M$3.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$888.72
Price spread: +0.081% → −0.094%
$17.42
Slippage, 4 orders
−$176.02
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$1,070.31
Costs to cover
1.990%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Bitget: 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 Bybit live order book, 4 min ago3.04 bp61.1 bp −$61375.4 bp −$3,754doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.38 bp24.7 bp −$25125.5 bp −$1,255doesn'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
KuCoin COTIUSDTM−0.8556%4h0.01491+0.148%$1.9M$2.5M50xas long as short
Binance COTIUSDT−0.8241%4h0.01490+0.049%$8.5M$48.7M50xas long as short
MEXC COTI_USDT−0.8238%4h0.01490+0.054%$11.8M$2.4M50xas long as short
Aster COTIUSDT−0.7955%4h0.01489−0.006%$13K$415K5xas long as short
Bitget COTIUSDTshort−0.7576%4h0.01490+0.081%$3.5M$3.9M50x
Gate COTI_USDT−0.6392%4h0.01492+0.215%$517K$1.3M25xas long as short
BloFin COTI-USDT−0.5767%4h0.01487−0.141%$469K$658K50xas long as short
Bybit COTIUSDTlong−0.3344%8h0.01489long leg$3.8M$10.1M50x
Variational Omni COTI−0.2907%8h0.01477−0.761%$32K$41K—as long as short
BingX COTI-USDT−0.2264%4h0.01489+0.040%—$1.7M—as long as short