Funding you earn now, next payment 04:00 UTC−0.0782%/8h= −85.6% APRnext payment −$3.91 per $10,000 · paid last 24h +0.024%
Price spread now: BloFin against Gate−0.028%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1441.437% of the position
Funding, last 7 days+0.258%+$26 on $10k
+Price spread, last 4 days (all we have)+2.681%+$268 · spread now −0.028%, 7d avg −0.065%
=The price spread pays, funding is against you. BloFin is 0.037% dearer against Gate than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.065%): +$4 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.258%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.258% in total (about 13.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.91 per $10,000. 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 | Gate COTI_USDT | 0.01435 | −0.0110 | get 0.0055% / 4h | 1h 43m | $421K | $1.0M | 25x |
| Short | BloFin COTI-USDT | 0.01435 | −0.0892 | pay 0.0446% / 4h | 1h 43m | $430K | $588K | 50x |
Gate COTI_USDT
BloFin COTI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- −$164.22
- Price spread: −0.028% → −0.065%
- $3.69
- Slippage, 4 orders
- −$116.71
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$304.24
- Costs to cover
- 1.437%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; BloFin: live order book, 83 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 Gate live order book, 4 min ago | 7.02 bp | 51.9 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 83 min ago | 5.12 bp | 17.7 bp −$18 | 57.8 bp −$578 | 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 | −0.1373% | 4h | 0.01434 | −0.037% | $11K | $304K | 5x | as long as short |
| Binance COTIUSDT | −0.1274% | 4h | 0.01433 | −0.148% | $7.6M | $40.7M | 50x | as long as short |
| MEXC COTI_USDT | −0.1274% | 4h | 0.01434 | −0.091% | $11.8M | $2.2M | 50x | as long as short |
| BloFin COTI-USDTshort | −0.0892% | 4h | 0.01435 | −0.028% | $430K | $588K | 50x | |
| KuCoin COTIUSDTM | −0.0216% | 4h | 0.01432 | −0.209% | $1.7M | $2.2M | 50x | as long as short |
| Gate COTI_USDTlong | −0.0110% | 4h | 0.01435 | long leg | $421K | $1.0M | 25x | |
| Bybit COTIUSDT | +0.0100% | 8h | 0.01435 | 0.000% | $3.7M | $9.1M | 50x | as long as short |
| Bitget COTIUSDT | +0.0100% | 4h | 0.01434 | −0.070% | $3.2M | $3.0M | 50x | as long as short |
| BingX COTI-USDT | +0.0100% | 4h | 0.01434 | −0.049% | — | $1.6M | — | as long as short |
| Variational Omni COTI | +0.0100% | 8h | 0.01427 | −0.575% | $28K | $38K | — | as long as short |
Aster COTIUSDT
Binance COTIUSDT
MEXC COTI_USDT
KuCoin COTIUSDTM
Bybit COTIUSDT
Bitget COTIUSDT
BingX COTI-USDT
Variational Omni COTI