Funding you earn now, next payment 04:00 UTC−0.0496%/8h= −54.3% APRpaid last 24h +0.024%
Price spread now: BloFin against Bybit+0.623%442s7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as 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−$1861.858% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 3 days (all we have)−0.334%−$33 · spread now +0.623%, 7d avg −0.034%
=The price spread pays, funding is against you. BloFin is 0.656% dearer against Bybit than usual: you sell high and buy low (spread +0.623% now, against its 7-day average of −0.034%): +$66 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 7 days (−0.061% in total) that is about 3 months. The two prices were read 442 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 -0.061% in total (about -3.2% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COTIUSDT | 0.01478 | 0.0100 | pay 0.0100% / 8h | 6h 41m | $3.8M | $8.6M | 50x |
| Short | BloFin COTI-USDT | 0.01487 | −0.0396 | pay 0.0198% / 4h | 2h 41m | $425K | $533K | 50x |
Bybit COTIUSDT
BloFin COTI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- −$104.1
- Price spread: +0.623% → −0.034%
- $65.65
- Slippage, 4 orders
- −$162.81
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$224.26
- Costs to cover
- 1.858%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 24 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 Bybit live order book, 1 min ago | 3.39 bp | 82.5 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 24 min ago | 5.12 bp | 17.7 bp −$18 | 57.8 bp −$578 | 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 | −0.0853% | 4h | 0.01476 | −0.122% | $12K | $300K | 5x | as long as short |
| Binance COTIUSDT | −0.0766% | 4h | 0.01477 | −0.021% | $7.7M | $38.7M | 50x | as long as short |
| MEXC COTI_USDT | −0.0766% | 4h | 0.01479 | +0.054% | $12.4M | $2.1M | 50x | as long as short |
| BloFin COTI-USDTshort | −0.0396% | 4h | 0.01487 | +0.623% | $425K | $533K | 50x | |
| Gate COTI_USDT | −0.0024% | 4h | 0.01479 | +0.081% | $433K | $978K | 25x | as long as short |
| Bybit COTIUSDTlong | +0.0100% | 8h | 0.01478 | long leg | $3.8M | $8.6M | 50x | |
| KuCoin COTIUSDTM | +0.0100% | 4h | 0.01478 | +0.014% | $1.9M | $2.0M | 50x | as long as short |
| Bitget COTIUSDT | +0.0100% | 4h | 0.01480 | +0.149% | $3.3M | $2.8M | 50x | as long as short |
| BingX COTI-USDT | +0.0100% | 4h | 0.01479 | +0.061% | — | $1.6M | — | as long as short |
| Variational Omni COTI | +0.0100% | 8h | 0.01488 | +0.678% | $30K | $37K | — | as long as short |
Aster COTIUSDT
Binance COTIUSDT
MEXC COTI_USDT
Gate COTI_USDT
KuCoin COTIUSDTM
Bitget COTIUSDT
BingX COTI-USDT
Variational Omni COTI