Funding arb · Price arb /

COTI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.069%

Price spread now: KuCoin against Gate0.000%7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1841.837% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days−0.040%−$4 · spread now 0.000%, 7d avg −0.083%

Together, before fees−0.095%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.083% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COTI_USDT	0.01503	0.0100	pay 0.0050% / 4h	1h 22m	$433K	$852K	25x
Short	KuCoin COTIUSDTM	0.01503	0.0100	get 0.0050% / 4h	1h 22m	$1.9M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.083%: $8.32
Slippage, 4 orders: −$156.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$175.42
Costs to cover: 1.837%
Break-even: never at this rate

Slippage from Gate: live order book, 59 min ago; KuCoin: live order book, 4 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, 59 min ago	6.52 bp	51.6 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	9.99 bp	45.1 bp −$45	225.1 bp −$2,251	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	−0.0134%	4h	0.01501	−0.128%	$9K	$282K	5x	as long as short
MEXC COTI_USDT	+0.0082%	4h	0.01501	−0.113%	$12.8M	$1.7M	50x	as long as short
Binance COTIUSDT	+0.0085%	4h	0.01501	−0.131%	$7.3M	$33.5M	50x	as long as short
Bybit COTIUSDT	+0.0100%	8h	0.01502	−0.060%	$3.8M	$7.0M	50x	as long as short
Gate COTI_USDTlong	+0.0100%	4h	0.01503	long leg	$433K	$852K	25x
KuCoin COTIUSDTMshort	+0.0100%	4h	0.01503	0.000%	$1.9M	$1.5M	50x
Bitget COTIUSDT	+0.0100%	4h	0.01505	+0.133%	$3.2M	$2.4M	50x	as long as short
Variational Omni COTI	+0.0100%	8h	0.01506	+0.210%	$25K	$28K	—	as long as short
BingX COTI-USDT	+0.0200%	4h	0.01503	0.000%	—	$1.6M	—	as long as short
BloFin COTI-USDT	+0.0325%	4h	0.01501	−0.160%	$403K	$448K	50x	as long as short