Funding arb · Price arb /

COTI

all COTI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.069%

Price spread now: KuCoin against Bybit0.000%7-day average −0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$2462.463% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.376%−$38 on $10k

Price spread, last 7 days−0.019%−$2 · spread now 0.000%, 7d avg −0.114%

Together, before fees−0.395%−$39 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 0.114% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COTIUSDT	0.01506	0.0100	pay 0.0100% / 8h	1h 49m	$3.7M	$6.7M	50x
Short	KuCoin COTIUSDTM	0.01506	0.0100	get 0.0050% / 4h	1h 49m	$1.9M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.114%: $11.4
Slippage, 4 orders: −$223.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$234.89
Costs to cover: 2.463%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: 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, 3 min ago	1.97 bp	63.8 bp −$64	254.0 bp −$2,540	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	13.28 bp	55.6 bp −$56	267.6 bp −$2,676	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	−0.0142%	4h	0.01507	+0.033%	$9K	$281K	5x	as long as short
MEXC COTI_USDT	+0.0094%	4h	0.01504	−0.126%	$12.9M	$1.6M	50x	as long as short
Binance COTIUSDT	+0.0094%	4h	0.01505	−0.049%	$7.2M	$32.1M	50x	as long as short
Bybit COTIUSDTlong	+0.0100%	8h	0.01506	long leg	$3.7M	$6.7M	50x
Gate COTI_USDT	+0.0100%	4h	0.01505	−0.066%	$439K	$813K	25x	as long as short
KuCoin COTIUSDTMshort	+0.0100%	4h	0.01506	0.000%	$1.9M	$1.4M	50x
Bitget COTIUSDT	+0.0100%	4h	0.01505	−0.066%	$3.3M	$2.3M	50x	as long as short
Variational Omni COTI	+0.0100%	8h	0.01517	+0.709%	$25K	$27K	—	as long as short
BingX COTI-USDT	+0.0200%	4h	0.01505	−0.053%	—	$1.6M	—	as long as short
BloFin COTI-USDT	+0.0340%	4h	0.01505	−0.046%	$400K	$423K	50x	as long as short