Funding you earn now, next payment 04:00 UTC−0.1026%/8h= −112.4% APRpaid last 24h +0.024%
Price spread now: BloFin against Bybit−0.282%62s7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1891.886% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+1.531%+$153 · spread now −0.282%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and BloFin is 0.227% cheaper against Bybit than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.055%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COTIUSDT | 0.01455 | −0.1611 | get 0.1611% / 8h | 4h 02m | $3.7M | $9.5M | 50x |
| Short | BloFin COTI-USDT | 0.01451 | −0.2637 | pay 0.1318% / 4h | 2m 13s | $440K | $639K | 50x |
Bybit COTIUSDT
BloFin COTI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$215.52
- Price spread: −0.282% → −0.055%
- −$22.67
- Slippage, 4 orders
- −$165.57
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$426.76
- Costs to cover
- 1.886%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 34 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, 1 min ago | 2.41 bp | 80.4 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 34 min ago | 1.73 bp | 16.6 bp −$17 | 34.8 bp −$348 | 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 COTIUSDT | −0.3800% | 4h | 0.01455 | +0.014% | $7.9M | $43.5M | 50x | as long as short |
| MEXC COTI_USDT | −0.3766% | 4h | 0.01455 | 0.000% | $11.8M | $2.3M | 50x | as long as short |
| Aster COTIUSDT | −0.3692% | 4h | 0.01462 | +0.454% | $11K | $334K | 5x | as long as short |
| KuCoin COTIUSDTM | −0.3342% | 4h | 0.01457 | +0.137% | $1.7M | $2.3M | 50x | as long as short |
| Gate COTI_USDT | −0.3292% | 4h | 0.01459 | +0.275% | $426K | $1.1M | 25x | as long as short |
| BloFin COTI-USDTshort | −0.2637% | 4h | 0.01451 | −0.282% | $440K | $639K | 50x | |
| Bitget COTIUSDT | −0.1912% | 4h | 0.01456 | +0.069% | $3.3M | $3.3M | 50x | as long as short |
| Bybit COTIUSDTlong | −0.1611% | 8h | 0.01455 | long leg | $3.7M | $9.5M | 50x | |
| BingX COTI-USDT | −0.1118% | 4h | 0.01455 | +0.007% | — | $1.6M | — | as long as short |
| Variational Omni COTI | −0.0601% | 8h | 0.01456 | +0.103% | $29K | $39K | — | as long as short |
Binance COTIUSDT
MEXC COTI_USDT
Aster COTIUSDT
KuCoin COTIUSDTM
Gate COTI_USDT
Bitget COTIUSDT
BingX COTI-USDT
Variational Omni COTI