Funding you earn now, next payment 00:00 UTC+0.0325%/8h= +35.6% APRnext payment +$1.62 per $10,000 · paid last 24h +0.029%
Price spread now: Bitget against Binance+0.243%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$950.951% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days−0.390%−$39 · spread now +0.243%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bitget is 0.257% dearer against Binance than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.014%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.62 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 | Binance COTIUSDT | 0.01493 | −0.0225 | get 0.0112% / 4h | 0m 32s | $7.5M | $35.9M | 50x |
| Short | Bitget COTIUSDT | 0.01497 | 0.0100 | get 0.0050% / 4h | 0m 32s | $3.3M | $2.6M | 50x |
Binance COTIUSDT
Bitget COTIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $68.22
- Price spread: +0.243% → −0.014%
- $25.66
- Slippage, 4 orders
- −$73.06
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1.17
- Costs to cover
- 0.951%
- Break-even
- 7.1 days
Slippage from Binance: live order book, 11 min ago; Bitget: live order book, 7 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 Binance live order book, 11 min ago | 2.68 bp | 18.8 bp −$19 | 69.3 bp −$693 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 7 min ago | 6.70 bp | 24.8 bp −$25 | 132.0 bp −$1,320 | 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 | −0.0381% | 4h | 0.01495 | +0.127% | $8K | $293K | 5x | as long as short |
| Binance COTIUSDTlong | −0.0225% | 4h | 0.01493 | long leg | $7.5M | $35.9M | 50x | |
| MEXC COTI_USDT | −0.0224% | 4h | 0.01494 | +0.075% | $12.7M | $1.9M | 50x | as long as short |
| BloFin COTI-USDT | +0.0015% | 4h | 0.01497 | +0.250% | $413K | $501K | 50x | as long as short |
| Bybit COTIUSDT | +0.0100% | 8h | 0.01494 | +0.008% | $3.7M | $7.8M | 50x | as long as short |
| Gate COTI_USDT | +0.0100% | 4h | 0.01496 | +0.176% | $434K | $897K | 25x | as long as short |
| KuCoin COTIUSDTM | +0.0100% | 4h | 0.01496 | +0.176% | $1.9M | $1.6M | 50x | as long as short |
| Bitget COTIUSDTshort | +0.0100% | 4h | 0.01497 | +0.243% | $3.3M | $2.6M | 50x | |
| Variational Omni COTI | +0.0100% | 8h | 0.01494 | +0.032% | $26K | $30K | — | as long as short |
| BingX COTI-USDT | +0.0200% | 4h | 0.01494 | +0.042% | — | $1.6M | — | as long as short |
Aster COTIUSDT
MEXC COTI_USDT
BloFin COTI-USDT
Bybit COTIUSDT
Gate COTI_USDT
KuCoin COTIUSDTM
Variational Omni COTI
BingX COTI-USDT