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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+0.0766%/8h= +83.9% APRnext payment +$3.83 per $10,000 · paid last 24h −0.061%
Price spread now: MEXC against Gate−0.395%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1251.246% of the position
Long on GateShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days−0.061%−$6 on $10k
Price spread, last 7 days+0.445%+$44 · spread now −0.395%, 7d avg −0.067%
Together, before fees+0.384%+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.328% cheaper against Gate than usual: you would sell low and buy high (spread −0.395% now, against its 7-day average of −0.067%). If the spread goes back, that is −$33 on $10k: about 34 hours of funding at the current rate (+$23 a day). Mind the row above: over the last 7 days funding on this pair cost −0.061%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.83 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_USDT0.01470−0.6684get 0.3342% / 4h2h 41m$452K$1.1M25x
ShortMEXC COTI_USDT0.01464−0.5918pay 0.2959% / 4h2h 41m$11.8M$2.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$160.86
Price spread: −0.395% → −0.067%
−$32.78
Slippage, 4 orders
−$105.64
Fee Gate: 7.5 bp × 2 orders
−$15
Fee MEXC: 2 bp × 2 orders
−$4
Net
$3.44
Costs to cover
1.246%
Break-even
6.9 days
Slippage from Gate: live order book, 1 min ago; MEXC: live order book, 2 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, 1 min ago6.82 bp53.1 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago2.73 bp10.0 bp −$1036.4 bp −$36479.3 bp −$7,935211.0 bp −$105.5K

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_USDTlong−0.6684%4h0.01470long leg$452K$1.1M25x
Binance COTIUSDT−0.5918%4h0.01464−0.395%$8.1M$45.3M50xas long as short
MEXC COTI_USDTshort−0.5918%4h0.01464−0.395%$11.8M$2.3M50x
Aster COTIUSDT−0.5703%4h0.01465−0.332%$9K$359K5xas long as short
KuCoin COTIUSDTM−0.5416%4h0.01467−0.204%$1.8M$2.3M50xas long as short
BloFin COTI-USDT−0.4143%4h0.01462−0.544%$451K$650K50xas long as short
Bitget COTIUSDT−0.4064%4h0.01464−0.408%$3.3M$3.4M50xas long as short
Bybit COTIUSDT−0.2483%8h0.01466−0.293%$3.7M$9.7M50xas long as short
BingX COTI-USDT−0.1724%4h0.01464−0.401%—$1.6M—as long as short
Variational Omni COTI−0.1682%8h0.01463−0.502%$29K$39K—as long as short