Funding you earn now, next payment 04:00 UTC+0.0227%/8h= +24.8% APRnext payment +$1.13 per $10,000 · paid last 24h −0.014%
Price spread now: BingX against BloFin+0.188%96s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as 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)−0.607%−$61 · spread now +0.188%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.161% dearer against BloFin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.027%. The two prices were read 96 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 +$1.13 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 | BloFin COTI-USDT | 0.01489 | −0.0127 | get 0.0063% / 4h | 3h 29m | $419K | $509K | 50x |
| Short | BingX COTI-USDT | 0.01492 | 0.0100 | get 0.0050% / 4h | 3h 29m | — | $1.6M | — |
BloFin COTI-USDT
BingX COTI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- $47.61
- Price spread: +0.188% → +0.027%
- $16.06
- Slippage, 4 orders
- −$95.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$53.87
- Costs to cover
- 1.175%
- Break-even
- 14.9 days
Slippage from BloFin: live order book, 41 min ago; BingX: live order book, 12 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 BloFin live order book, 41 min ago | 8.70 bp | 30.3 bp −$30 | 71.4 bp −$714 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 6.07 bp | 22.6 bp −$23 | 65.4 bp −$654 | 334.3 bp −$33.4K | 456.3 bp −$228.2K |
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 | −0.0495% | 4h | 0.01491 | +0.134% | $9K | $298K | 5x | as long as short |
| Binance COTIUSDT | −0.0369% | 4h | 0.01490 | +0.020% | $7.6M | $36.6M | 50x | as long as short |
| MEXC COTI_USDT | −0.0366% | 4h | 0.01493 | +0.262% | $12.8M | $2.0M | 50x | as long as short |
| BloFin COTI-USDTlong | −0.0127% | 4h | 0.01489 | long leg | $419K | $509K | 50x | |
| Bybit COTIUSDT | +0.0100% | 8h | 0.01494 | +0.356% | $3.7M | $8.1M | 50x | as long as short |
| Gate COTI_USDT | +0.0100% | 4h | 0.01495 | +0.389% | $442K | $900K | 25x | as long as short |
| KuCoin COTIUSDTM | +0.0100% | 4h | 0.01490 | +0.054% | $1.9M | $1.7M | 50x | as long as short |
| Bitget COTIUSDT | +0.0100% | 4h | 0.01494 | +0.322% | $3.3M | $2.6M | 50x | as long as short |
| BingX COTI-USDTshort | +0.0100% | 4h | 0.01492 | +0.188% | — | $1.6M | — | |
| Variational Omni COTI | +0.0100% | 8h | 0.01488 | −0.052% | $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