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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+0.3998%/8h= +437.8% APRpaid last 24h +0.185%
Price spread now: Bybit against KuCoin−0.152%7-day average +0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$226as in the Funding arb table
Net, price: spread back to 7d avg − costs−$308as in the Price arb table
costs, in and out, $10k−$2812.812% of the position
Long on KuCoinShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.550%+$55 on $10k
Price spread, last 7 days+0.269%+$27 · spread now −0.152%, 7d avg +0.116%
Together, before fees+0.819%+$82 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.268% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.152% now, against its 7-day average of +0.116%). If the spread goes back, that is −$27 on $10k: about 5 hours of funding at the current rate (+$120 a day). At the pace of the last 7 days (+0.550% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.550% in total (about 28.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin COTIUSDTM0.01509−0.6784get 0.3392% / 4h1h 48m$1.9M$2.4M50x
ShortBybit COTIUSDT0.01507−0.2786pay 0.2786% / 8h1h 48m$3.9M$9.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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
$839.67
Price spread: −0.152% → +0.116%
−$26.85
Slippage, 4 orders
−$258.25
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$531.58
Costs to cover
2.812%
Break-even
2.6 days
Slippage from KuCoin: live order book, 9 min ago; Bybit: live order book, 5 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 KuCoin live order book, 9 min ago13.47 bp67.2 bp −$67doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago1.01 bp78.3 bp −$78244.2 bp −$2,442doesn'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_USDT−0.7172%4h0.01512+0.199%$450K$1.2M25xas long as short
Binance COTIUSDT−0.7115%4h0.01506−0.223%$8.5M$46.4M50xas long as short
MEXC COTI_USDT−0.7094%4h0.01505−0.258%$12.1M$2.3M50xas long as short
Aster COTIUSDT−0.6897%4h0.01508−0.073%$12K$373K5xas long as short
KuCoin COTIUSDTMlong−0.6784%4h0.01509long leg$1.9M$2.4M50x
Bitget COTIUSDT−0.6238%4h0.01507−0.133%$3.4M$3.5M50xas long as short
BloFin COTI-USDT−0.4967%4h0.01508−0.093%$472K$664K50xas long as short
Bybit COTIUSDTshort−0.2786%8h0.01507−0.152%$3.9M$9.8M50x
Variational Omni COTI−0.2217%8h0.01485−1.610%$30K$39K—as long as short
BingX COTI-USDT−0.1934%4h0.01505−0.265%—$1.7M—as long as short