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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+0.3602%/8h= +394.4% APRnext payment +$18.01 per $10,000 · paid last 24h +0.182%
Price spread now: BingX against MEXC+0.306%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$650.648% of the position
Long on MEXCShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.378%+$38 on $10k
Price spread, last 7 days−0.269%−$27 · spread now +0.306%, 7d avg +0.045%
Together, before fees+0.109%+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$108 a day on $10k at the current rate, and BingX is 0.260% dearer against MEXC than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.045%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.378% in total (about 19.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$18.01 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
LongMEXC COTI_USDT0.01440−0.5154get 0.2577% / 4h3h 11m$11.7M$2.3M50x
ShortBingX COTI-USDT0.01444−0.1552pay 0.0776% / 4h3h 11m—$1.6M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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
$756.42
Price spread: +0.306% → +0.045%
$26.03
Slippage, 4 orders
−$50.84
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
$717.6
Costs to cover
0.648%
Break-even
0.4 days
Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 5 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 MEXC live order book, 1 min ago1.73 bp9.2 bp −$931.8 bp −$31852.4 bp −$5,243180.1 bp −$90.0K
Sell BingX live order book, 5 min ago5.15 bp21.2 bp −$2148.3 bp −$483279.7 bp −$28.0K444.8 bp −$222.4K

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−0.6706%4h0.01448+0.563%$443K$1.1M25xas long as short
Binance COTIUSDT−0.5202%4h0.01442+0.129%$7.9M$44.5M50xas long as short
MEXC COTI_USDTlong−0.5154%4h0.01440long leg$11.7M$2.3M50x
Aster COTIUSDT−0.5023%4h0.01453+0.924%$13K$354K5xas long as short
KuCoin COTIUSDTM−0.4724%4h0.01446+0.424%$1.7M$2.3M50xas long as short
BloFin COTI-USDT−0.3608%4h0.01451+0.750%$443K$636K50xas long as short
Bitget COTIUSDT−0.3290%4h0.01439−0.063%$3.2M$3.4M50xas long as short
Bybit COTIUSDT−0.2244%8h0.01440+0.035%$3.7M$9.6M50xas long as short
BingX COTI-USDTshort−0.1552%4h0.01444+0.306%—$1.6M—
Variational Omni COTI−0.1263%8h0.01457+1.208%$29K$39K—as long as short