Funding arb · Price arb /

COTI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Gate−0.014%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2692.695% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.319%+$32 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.014%, 7d avg +0.030%

Together, before fees+0.353%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.044% cheaper against Gate than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.030%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COTI_USDT	0.01451	−0.0064	get 0.0032% / 4h	2h 11m	$425K	$1.0M	25x
Short	Bybit COTIUSDT	0.01451	0.0100	get 0.0100% / 8h	6h 11m	$3.8M	$8.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now −0.014%Rate

Funding earned: $34.44
Price spread: −0.014% → +0.030%: −$4.42
Slippage, 4 orders: −$243.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$239.47
Costs to cover: 2.695%
Break-even: 55.7 days

Slippage from Gate: live order book, just now; Bybit: live order book, 1 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, just now	6.89 bp	52.7 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.48 bp	85.9 bp −$86	245.4 bp −$2,454	doesn't fit	doesn't fit

COTI on 9 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	−0.1228%	4h	0.01449	−0.149%	$10K	$302K	5x	as long as short
Binance COTIUSDT	−0.1126%	4h	0.01450	−0.085%	$7.6M	$39.7M	50x	as long as short
MEXC COTI_USDT	−0.1116%	4h	0.01449	−0.124%	$12.0M	$2.1M	50x	as long as short
Gate COTI_USDTlong	−0.0064%	4h	0.01451	long leg	$425K	$1.0M	25x
KuCoin COTIUSDTM	+0.0066%	4h	0.01450	−0.069%	$1.7M	$2.1M	50x	as long as short
Bybit COTIUSDTshort	+0.0100%	8h	0.01451	−0.014%	$3.8M	$8.8M	50x
Bitget COTIUSDT	+0.0100%	4h	0.01448	−0.207%	$3.2M	$2.9M	50x	as long as short
BingX COTI-USDT	+0.0100%	4h	0.01449	−0.152%	—	$1.6M	—	as long as short
Variational Omni COTI	+0.0100%	8h	0.01455	+0.271%	$29K	$38K	—	as long as short