Funding you earn now, next payment 04:00 UTC−0.0215%/8h= −23.6% APRnext payment −$1.08 per $10,000 · paid last 24h +0.014%
Price spread now: BloFin against BingX−0.236%66s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1181.175% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 3 days (all we have)+0.655%+$66 · spread now −0.236%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BloFin is 0.208% cheaper against BingX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.027%). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.08 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX COTI-USDT | 0.01484 | 0.0100 | pay 0.0050% / 4h | 3h 32m | — | $1.6M | — |
| Short | BloFin COTI-USDT | 0.01480 | −0.0115 | pay 0.0058% / 4h | 3h 32m | $419K | $505K | 50x |
BingX COTI-USDT
BloFin COTI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$45.25
- Price spread: −0.236% → −0.027%
- −$20.84
- Slippage, 4 orders
- −$95.54
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$183.62
- Costs to cover
- 1.175%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; BloFin: live order book, 39 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 10 min ago | 6.07 bp | 25.4 bp −$25 | 68.9 bp −$689 | 400.0 bp −$40.0K | 489.4 bp −$244.7K |
| Sell BloFin live order book, 39 min ago | 8.70 bp | 39.3 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
COTI on 10 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster COTIUSDT | −0.0498% | 4h | 0.01483 | −0.063% | $9K | $297K | 5x | as long as short |
| Binance COTIUSDT | −0.0359% | 4h | 0.01482 | −0.094% | $7.6M | $36.6M | 50x | as long as short |
| MEXC COTI_USDT | −0.0354% | 4h | 0.01482 | −0.101% | $12.7M | $2.0M | 50x | as long as short |
| BloFin COTI-USDTshort | −0.0115% | 4h | 0.01480 | −0.236% | $419K | $505K | 50x | |
| Bybit COTIUSDT | +0.0100% | 8h | 0.01484 | +0.020% | $3.7M | $8.1M | 50x | as long as short |
| Gate COTI_USDT | +0.0100% | 4h | 0.01486 | +0.142% | $439K | $897K | 25x | as long as short |
| KuCoin COTIUSDTM | +0.0100% | 4h | 0.01486 | +0.142% | $1.9M | $1.7M | 50x | as long as short |
| Bitget COTIUSDT | +0.0100% | 4h | 0.01487 | +0.209% | $3.3M | $2.6M | 50x | as long as short |
| BingX COTI-USDTlong | +0.0100% | 4h | 0.01484 | long leg | — | $1.6M | — | |
| Variational Omni COTI | +0.0100% | 8h | 0.01478 | −0.376% | $26K | $30K | — | as long as short |
Aster COTIUSDT
Binance COTIUSDT
MEXC COTI_USDT
Bybit COTIUSDT
Gate COTI_USDT
KuCoin COTIUSDTM
Bitget COTIUSDT
Variational Omni COTI