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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−0.1810%/8h= −198.2% APRpaid last 24h −0.029%
Price spread now: KuCoin against Bybit+0.463%7-day average −0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$290as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$2522.523% of the position
Long on BybitShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.375%−$38 on $10k
Price spread, last 7 days−0.574%−$57 · spread now +0.463%, 7d avg −0.115%
Together, before fees−0.950%−$95 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.578% dearer against Bybit than usual: you sell high and buy low (spread +0.463% now, against its 7-day average of −0.115%): +$58 on $10k if it goes back. Holding the pair costs −$54 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.375% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.375% in total (about -19.6% 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 COTIUSDT0.01448−0.1680get 0.1680% / 8h3h 56m$3.7M$9.5M50x
ShortKuCoin COTIUSDTM0.01455−0.3490pay 0.1745% / 4h3h 56m$1.7M$2.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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
−$380.18
Price spread: +0.463% → −0.115%
$57.75
Slippage, 4 orders
−$229.27
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$574.69
Costs to cover
2.523%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 10 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, 2 min ago1.72 bp69.0 bp −$69doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 10 min ago6.86 bp58.4 bp −$58334.1 bp −$3,341doesn'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
Gate COTI_USDT−0.5750%4h0.01456+0.532%$427K$1.1M25xas long as short
Binance COTIUSDT−0.3903%4h0.01449+0.052%$7.9M$43.6M50xas long as short
MEXC COTI_USDT−0.3902%4h0.01450+0.124%$11.8M$2.2M50xas long as short
Aster COTIUSDT−0.3801%4h0.01453+0.325%$10K$335K5xas long as short
KuCoin COTIUSDTMshort−0.3490%4h0.01455+0.463%$1.7M$2.3M50x
BloFin COTI-USDT−0.2732%4h0.01454+0.394%$442K$640K50xas long as short
Bitget COTIUSDT−0.2066%4h0.01451+0.186%$3.3M$3.3M50xas long as short
Bybit COTIUSDTlong−0.1680%8h0.01448long leg$3.7M$9.5M50x
BingX COTI-USDT−0.1152%4h0.01453+0.311%—$1.6M—as long as short
Variational Omni COTI−0.0714%8h0.01449+0.065%$29K$39K—as long as short