Settings8H · net · $10k
Funding arb · Price arb /

COTI

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.2071%/8h= +226.7% APRnext payment +$10.35 per $10,000 · paid last 24h +0.107%
Price spread now: BloFin against MEXC−0.362%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$690.693% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.344%+$34 on $10k
Price spread, last 4 days (all we have)+1.067%+$107 · spread now −0.362%, 7d avg −0.005%
Together, before fees+1.412%+$141 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.358% cheaper against MEXC than usual: you would sell low and buy high (spread −0.362% now, against its 7-day average of −0.005%). If the spread goes back, that is −$36 on $10k: about 14 hours of funding at the current rate (+$62 a day). At the pace of the last 7 days (+0.344% in total) that is about 7.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.344% in total (about 18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.35 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_USDT0.01490−0.6904get 0.3452% / 4h1h 58m$12.0M$2.3M50x
ShortBloFin COTI-USDT0.01485−0.4833pay 0.2417% / 4h1h 58m$466K$657K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$434.83
Price spread: −0.362% → −0.005%
−$35.75
Slippage, 4 orders
−$53.32
Fee MEXC: 2 bp × 2 orders
−$4
Fee BloFin: 6 bp × 2 orders
−$12
Net
$329.76
Costs to cover
0.693%
Break-even
1.7 days
Slippage from MEXC: live order book, 5 min ago; BloFin: live order book, 28 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, 5 min ago4.74 bp14.3 bp −$1447.7 bp −$47791.5 bp −$9,149205.6 bp −$102.8K
Sell BloFin live order book, 28 min ago2.72 bp17.4 bp −$1753.3 bp −$533doesn'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−0.7416%4h0.01493+0.201%$443K$1.2M25xas long as short
Binance COTIUSDT−0.6936%4h0.01491+0.054%$8.4M$46.2M50xas long as short
MEXC COTI_USDTlong−0.6904%4h0.01490long leg$12.0M$2.3M50x
Aster COTIUSDT−0.6705%4h0.01490−0.022%$12K$369K5xas long as short
KuCoin COTIUSDTM−0.6336%4h0.01494+0.268%$1.9M$2.4M50xas long as short
Bitget COTIUSDT−0.5362%4h0.01491+0.067%$3.4M$3.4M50xas long as short
BloFin COTI-USDTshort−0.4833%4h0.01485−0.362%$466K$657K50x
Bybit COTIUSDT−0.2735%8h0.01490+0.027%$3.9M$9.8M50xas long as short
Variational Omni COTI−0.2113%8h0.01480−0.666%$30K$39Kas long as short
BingX COTI-USDT−0.1900%4h0.01491+0.060%$1.6Mas long as short