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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−0.3438%/8h= −376.5% APRnext payment −$17.19 per $10,000 · paid last 24h −0.068%
Price spread now: Gate against Bitget+0.208%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1511.506% of the position
Long on BitgetShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.126%−$13 on $10k
Price spread, last 7 days+0.007%+$1 · spread now +0.208%, 7d avg +0.066%
Together, before fees−0.119%−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.142% dearer against Bitget than usual: you sell high and buy low (spread +0.208% now, against its 7-day average of +0.066%): +$14 on $10k if it goes back. Holding the pair costs −$103 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.126% in total) that is about 7.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.126% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$17.19 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
LongBitget COTIUSDT0.01445−0.3356get 0.1678% / 4h3h 09m$3.2M$3.4M50x
ShortGate COTI_USDT0.01448−0.6794pay 0.3397% / 4h3h 09m$443K$1.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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
−$721.98
Price spread: +0.208% → +0.066%
$14.18
Slippage, 4 orders
−$123.58
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$858.38
Costs to cover
1.506%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 3 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 Bitget live order book, 3 min ago3.47 bp32.3 bp −$32167.9 bp −$1,679doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago6.91 bp48.9 bp −$49doesn't fitdoesn'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_USDTshort−0.6794%4h0.01448+0.208%$443K$1.1M25x
Binance COTIUSDT−0.5295%4h0.01444−0.053%$8.0M$44.6M50xas long as short
MEXC COTI_USDT−0.5250%4h0.01445−0.007%$11.7M$2.3M50xas long as short
Aster COTIUSDT−0.5103%4h0.01444−0.082%$12K$355K5xas long as short
KuCoin COTIUSDTM−0.4808%4h0.01446+0.069%$1.7M$2.3M50xas long as short
BloFin COTI-USDT−0.3641%4h0.01435−0.657%$376K$632K50xas long as short
Bitget COTIUSDTlong−0.3356%4h0.01445long leg$3.2M$3.4M50x
Bybit COTIUSDT−0.2283%8h0.01445−0.021%$3.7M$9.6M50xas long as short
BingX COTI-USDT−0.1552%4h0.01445+0.028%—$1.6M—as long as short
Variational Omni COTI−0.1326%8h0.01438−0.472%$29K$39K—as long as short