Funding you earn now, next payment 04:00 UTC−0.1979%/8h= −216.7% APRpaid last 24h −0.038%
Price spread now: MEXC against Bybit−0.151%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$220as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1851.850% of the position
Funding, last 7 days−0.350%−$35 on $10k
+Price spread, last 7 days+0.072%+$7 · spread now −0.151%, 7d avg −0.095%
=Both sides work against this trade now: funding costs −$59 a day on $10k at the current rate, and MEXC is 0.056% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.095%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.350% in total (about -18.3% 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 | 0.01460 | −0.1361 | get 0.1361% / 8h | 4h 15m | $3.7M | $9.4M | 50x |
| Short | MEXC COTI_USDT | 0.01457 | −0.3340 | pay 0.1670% / 4h | 15m 48s | $11.9M | $2.3M | 50x |
Bybit COTIUSDT
MEXC COTI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$415.51
- Price spread: −0.151% → −0.095%
- −$5.56
- Slippage, 4 orders
- −$169.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$606.06
- Costs to cover
- 1.850%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago | 2.40 bp | 85.8 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.69 bp | 8.6 bp −$9 | 29.5 bp −$295 | 68.0 bp −$6,795 | 178.5 bp −$89.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COTIUSDT | −0.3392% | 4h | 0.01460 | +0.025% | $7.9M | $43.1M | 50x | as long as short |
| MEXC COTI_USDTshort | −0.3340% | 4h | 0.01457 | −0.151% | $11.9M | $2.3M | 50x | |
| Aster COTIUSDT | −0.3316% | 4h | 0.01464 | +0.301% | $12K | $333K | 5x | as long as short |
| KuCoin COTIUSDTM | −0.2888% | 4h | 0.01460 | +0.034% | $1.8M | $2.2M | 50x | as long as short |
| Gate COTI_USDT | −0.2870% | 4h | 0.01463 | +0.240% | $435K | $1.1M | 25x | as long as short |
| BloFin COTI-USDT | −0.2339% | 4h | 0.01459 | −0.041% | $435K | $639K | 50x | as long as short |
| Bitget COTIUSDT | −0.1414% | 4h | 0.01458 | −0.103% | $3.3M | $3.3M | 50x | as long as short |
| Bybit COTIUSDTlong | −0.1361% | 8h | 0.01460 | long leg | $3.7M | $9.4M | 50x | |
| BingX COTI-USDT | −0.0908% | 4h | 0.01459 | −0.027% | — | $1.6M | — | as long as short |
| Variational Omni COTI | −0.0446% | 8h | 0.01456 | −0.226% | $29K | $39K | — | as long as short |
Binance COTIUSDT
Aster COTIUSDT
KuCoin COTIUSDTM
Gate COTI_USDT
BloFin COTI-USDT
Bitget COTIUSDT
BingX COTI-USDT
Variational Omni COTI