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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−0.0434%/8h= −47.5% APRnext payment −$2.17 per $10,000 · paid last 24h −0.009%
Price spread now: Binance against KuCoin+0.021%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1431.429% of the position
Long on KuCoinShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.076%+$8 on $10k
Price spread, last 7 days+0.023%+$2 · spread now +0.021%, 7d avg +0.030%
Together, before fees+0.099%+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.076%, 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 0.076% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.17 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
LongKuCoin COTIUSDTM0.01459−0.3438get 0.1719% / 4h3h 58m$1.7M$2.3M50x
ShortBinance COTIUSDT0.01459−0.3872pay 0.1936% / 4h3h 58m$7.9M$43.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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
−$91.11
Price spread: +0.021% → +0.030%
−$0.92
Slippage, 4 orders
−$120.85
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$234.88
Costs to cover
1.429%
Break-even
never at this rate
Slippage from KuCoin: live order book, 8 min ago; Binance: live order book, 14 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 KuCoin live order book, 8 min ago6.86 bp42.9 bp −$43551.6 bp −$5,516doesn't fitdoesn't fit
Sell Binance live order book, 14 min ago2.73 bp16.7 bp −$1754.7 bp −$547doesn't fitdoesn't fit

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_USDT−0.4568%4h0.01461+0.137%$429K$1.1M25xas long as short
Binance COTIUSDTshort−0.3872%4h0.01459+0.021%$7.9M$43.6M50x
MEXC COTI_USDT−0.3852%4h0.01459−0.021%$11.9M$2.2M50xas long as short
Aster COTIUSDT−0.3749%4h0.01459−0.002%$11K$335K5xas long as short
KuCoin COTIUSDTMlong−0.3438%4h0.01459long leg$1.7M$2.3M50x
BloFin COTI-USDT−0.2697%4h0.01452−0.452%$441K$639K50xas long as short
Bitget COTIUSDT−0.2008%4h0.01460+0.069%$3.3M$3.3M50xas long as short
Bybit COTIUSDT−0.1647%8h0.01458−0.082%$3.7M$9.5M50xas long as short
BingX COTI-USDT−0.1118%4h0.01458−0.048%—$1.6M—as long as short
Variational Omni COTI−0.0652%8h0.01457−0.113%$29K$39K—as long as short