Funding arb · Price arb /

COTI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.030%

Price spread now: KuCoin against Bitget+0.067%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1701.700% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 7 days+0.178%+$18 · spread now +0.067%, 7d avg −0.018%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.085% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COTIUSDT	0.01488	0.0100	pay 0.0050% / 4h	2h 43m	$3.3M	$2.8M	50x
Short	KuCoin COTIUSDTM	0.01489	0.0100	get 0.0050% / 4h	2h 43m	$1.9M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → −0.018%: $8.54
Slippage, 4 orders: −$146.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$161.47
Costs to cover: 1.700%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 8 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 Bitget live order book, 4 min ago	10.08 bp	30.8 bp −$31	146.9 bp −$1,469	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	10.04 bp	58.5 bp −$58	313.5 bp −$3,135	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	−0.0821%	4h	0.01490	+0.108%	$10K	$300K	5x	as long as short
Binance COTIUSDT	−0.0766%	4h	0.01480	−0.506%	$7.7M	$38.7M	50x	as long as short
MEXC COTI_USDT	−0.0744%	4h	0.01486	−0.168%	$12.5M	$2.1M	50x	as long as short
BloFin COTI-USDT	−0.0396%	4h	0.01487	−0.067%	$425K	$533K	50x	as long as short
Gate COTI_USDT	+0.0024%	4h	0.01490	+0.134%	$436K	$977K	25x	as long as short
Bybit COTIUSDT	+0.0100%	8h	0.01482	−0.403%	$3.8M	$8.6M	50x	as long as short
KuCoin COTIUSDTMshort	+0.0100%	4h	0.01489	+0.067%	$1.9M	$2.0M	50x
Bitget COTIUSDTlong	+0.0100%	4h	0.01488	long leg	$3.3M	$2.8M	50x
BingX COTI-USDT	+0.0100%	4h	0.01486	−0.134%	—	$1.6M	—	as long as short
Variational Omni COTI	+0.0100%	8h	0.01488	−0.012%	$30K	$37K	—	as long as short