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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+0.1214%/8h= +132.9% APRnext payment +$6.07 per $10,000 · paid last 24h +0.010%
Price spread now: BingX against Gate−0.069%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1491.495% of the position
Long on GateShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.212%+$21 on $10k
Price spread, last 7 days+0.068%+$7 · spread now −0.069%, 7d avg −0.020%
Together, before fees+0.280%+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.049% cheaper against Gate than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.020%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.212% in total) that is about 39 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.07 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
LongGate COTI_USDT0.01453−0.1114get 0.0557% / 4h55m 03s$433K$1.1M25x
ShortBingX COTI-USDT0.014520.0100get 0.0050% / 4h55m 03s—$1.6M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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
$254.94
Price spread: −0.069% → −0.020%
−$4.87
Slippage, 4 orders
−$124.47
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
$100.6
Costs to cover
1.495%
Break-even
4.2 days
Slippage from Gate: live order book, 2 min ago; BingX: live order book, 6 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 Gate live order book, 2 min ago6.89 bp53.0 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 6 min ago6.19 bp21.3 bp −$2152.1 bp −$521297.6 bp −$29.8K456.7 bp −$228.4K

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−0.2079%4h0.01452−0.047%$7.8M$42.3M50xas long as short
Aster COTIUSDT−0.2060%4h0.01453−0.018%$11K$319K5xas long as short
MEXC COTI_USDT−0.2020%4h0.01452−0.069%$11.9M$2.2M50xas long as short
BloFin COTI-USDT−0.1445%4h0.01452−0.041%$439K$628K50xas long as short
KuCoin COTIUSDTM−0.1356%4h0.014530.000%$1.8M$2.2M50xas long as short
Gate COTI_USDTlong−0.1114%4h0.01453long leg$433K$1.1M25x
Bybit COTIUSDT−0.0592%8h0.01454+0.048%$3.7M$9.3M50xas long as short
Bitget COTIUSDT−0.0032%4h0.01452−0.069%$3.2M$3.2M50xas long as short
Variational Omni COTI+0.0057%8h0.01453−0.030%$29K$38K—as long as short
BingX COTI-USDTshort+0.0100%4h0.01452−0.069%—$1.6M—