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Funding arb · Price arb /

COTI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.1385%/8h= +151.6% APRpaid last 24h +0.038%
Price spread now: Bybit against Binance+0.083%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$2052.051% of the position
Long on BinanceShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.299%+$30 on $10k
Price spread, last 7 days−0.010%−$1 · spread now +0.083%, 7d avg +0.085%
Together, before fees+0.289%+$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.085%, so right now this pair is about funding alone: +$42 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.299% in total (about 15.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance COTIUSDT0.01444−0.1285get 0.0642% / 4h1h 31m$7.7M$40.8M50x
ShortBybit COTIUSDT0.014450.0100get 0.0100% / 8h5h 31m$3.7M$9.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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
$290.77
Price spread: +0.083% → +0.085%
−$0.22
Slippage, 4 orders
−$184.12
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$85.44
Costs to cover
2.051%
Break-even
4.9 days
Slippage from Binance: live order book, 10 min ago; Bybit: 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 Binance live order book, 10 min ago1.74 bp16.8 bp −$1772.9 bp −$729doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago3.82 bp94.7 bp −$95226.7 bp −$2,267doesn'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
Aster COTIUSDT−0.1361%4h0.01443−0.055%$13K$311K5xas long as short
Binance COTIUSDTlong−0.1285%4h0.01444long leg$7.7M$40.8M50x
MEXC COTI_USDT−0.1284%4h0.01443−0.076%$11.8M$2.2M50xas long as short
BloFin COTI-USDT−0.0900%4h0.01441−0.201%$428K$591K50xas long as short
KuCoin COTIUSDTM−0.0362%4h0.01443−0.069%$1.7M$2.2M50xas long as short
Gate COTI_USDT−0.0146%4h0.01446+0.139%$424K$1.0M25xas long as short
Bybit COTIUSDTshort+0.0100%8h0.01445+0.083%$3.7M$9.2M50x
Bitget COTIUSDT+0.0100%4h0.01445+0.069%$3.2M$3.0M50xas long as short
BingX COTI-USDT+0.0100%4h0.01444−0.028%—$1.6M—as long as short
Variational Omni COTI+0.0100%8h0.01441−0.179%$28K$38K—as long as short