Funding you earn now, next payment 00:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.70 per $10,000 · paid last 24h −0.028%
Price spread now: BingX against BloFin−0.351%51s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as 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−$970.971% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 3 days (all we have)−0.864%−$86 · spread now −0.351%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.362% cheaper against BloFin than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COTI-USDT | 0.01538 | 0.0340 | pay 0.0170% / 4h | 2h 08m | $404K | $428K | 50x |
| Short | BingX COTI-USDT | 0.01533 | 0.0200 | get 0.0100% / 4h | 2h 08m | — | $1.6M | — |
BloFin COTI-USDT
BingX COTI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$29.4
- Price spread: −0.351% → +0.011%
- −$36.16
- Slippage, 4 orders
- −$75.11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$162.67
- Costs to cover
- 0.971%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 12 min ago; BingX: 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 BloFin live order book, 12 min ago | 5.49 bp | 23.4 bp −$23 | 60.2 bp −$602 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 3.90 bp | 22.6 bp −$23 | 63.4 bp −$634 | 357.4 bp −$35.7K | 485.0 bp −$242.5K |
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 | −0.0088% | 4h | 0.01532 | −0.353% | $8K | $278K | 5x | as long as short |
| Binance COTIUSDT | +0.0100% | 4h | 0.01530 | −0.494% | $7.3M | $31.4M | 50x | as long as short |
| Bybit COTIUSDT | +0.0100% | 8h | 0.01532 | −0.384% | $3.8M | $6.5M | 50x | as long as short |
| Gate COTI_USDT | +0.0100% | 4h | 0.01534 | −0.254% | $446K | $811K | 25x | as long as short |
| MEXC COTI_USDT | +0.0100% | 4h | 0.01530 | −0.501% | $13.1M | $1.6M | 50x | as long as short |
| KuCoin COTIUSDTM | +0.0100% | 4h | 0.01537 | −0.059% | $2.0M | $1.4M | 50x | as long as short |
| Bitget COTIUSDT | +0.0100% | 4h | 0.01534 | −0.254% | $3.3M | $2.3M | 50x | as long as short |
| Variational Omni COTI | +0.0100% | 8h | 0.01532 | −0.399% | $25K | $27K | — | as long as short |
| BingX COTI-USDTshort | +0.0200% | 4h | 0.01533 | −0.351% | — | $1.6M | — | |
| BloFin COTI-USDTlong | +0.0340% | 4h | 0.01538 | long leg | $404K | $428K | 50x |
Aster COTIUSDT
Binance COTIUSDT
Bybit COTIUSDT
Gate COTI_USDT
MEXC COTI_USDT
KuCoin COTIUSDTM
Bitget COTIUSDT
Variational Omni COTI