Funding arb · Price arb /

COTI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Gate0.000%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1441.440% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days−0.228%−$23 · spread now 0.000%, 7d avg −0.068%

Together, before fees−0.176%−$18 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: Bitget is 0.068% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COTI_USDT	0.01491	0.0100	pay 0.0050% / 4h	4m 27s	$432K	$896K	25x
Short	Bitget COTIUSDT	0.01491	0.0100	get 0.0050% / 4h	4m 27s	$3.3M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.068%: $6.8
Slippage, 4 orders: −$116.97
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$137.17
Costs to cover: 1.440%
Break-even: never at this rate

Slippage from Gate: live order book, 7 min ago; Bitget: live order book, 3 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 Gate live order book, 7 min ago	6.70 bp	37.4 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 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	−0.0386%	4h	0.01487	−0.244%	$8K	$293K	5x	as long as short
Binance COTIUSDT	−0.0222%	4h	0.01491	−0.007%	$7.5M	$35.8M	50x	as long as short
MEXC COTI_USDT	−0.0220%	4h	0.01489	−0.161%	$12.6M	$1.9M	50x	as long as short
BloFin COTI-USDT	+0.0018%	4h	0.01489	−0.141%	$408K	$492K	50x	as long as short
Bybit COTIUSDT	+0.0100%	8h	0.01490	−0.040%	$3.7M	$7.8M	50x	as long as short
Gate COTI_USDTlong	+0.0100%	4h	0.01491	long leg	$432K	$896K	25x
KuCoin COTIUSDTM	+0.0100%	4h	0.01491	0.000%	$1.9M	$1.6M	50x	as long as short
Bitget COTIUSDTshort	+0.0100%	4h	0.01491	0.000%	$3.3M	$2.6M	50x
Variational Omni COTI	+0.0100%	8h	0.01487	−0.245%	$26K	$30K	—	as long as short
BingX COTI-USDT	+0.0200%	4h	0.01490	−0.094%	—	$1.6M	—	as long as short