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 +0.069%

Price spread now: Bitget against KuCoin+0.532%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$1461.457% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 7 days−0.720%−$72 · spread now +0.532%, 7d avg +0.013%

Together, before fees−0.613%−$61 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 0.519% dearer against KuCoin than usual: you sell high and buy low, +$52 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COTIUSDTM	0.01503	0.0100	pay 0.0050% / 4h	1h 16m	$1.9M	$1.5M	50x
Short	Bitget COTIUSDT	0.01511	0.0100	get 0.0050% / 4h	1h 16m	$3.3M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.532%Rate

Funding earned: $0
Price spread: +0.532% → +0.013%: $51.92
Slippage, 4 orders: −$121.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$93.8
Costs to cover: 1.457%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, 1 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 KuCoin live order book, 4 min ago	10.00 bp	47.0 bp −$47	342.5 bp −$3,425	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.32 bp	30.1 bp −$30	125.0 bp −$1,250	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	−0.0146%	4h	0.01504	+0.047%	$11K	$285K	5x	as long as short
Binance COTIUSDT	+0.0064%	4h	0.01509	+0.416%	$7.4M	$33.6M	50x	as long as short
MEXC COTI_USDT	+0.0068%	4h	0.01510	+0.432%	$12.8M	$1.7M	50x	as long as short
Bybit COTIUSDT	+0.0100%	8h	0.01509	+0.386%	$3.8M	$7.1M	50x	as long as short
Gate COTI_USDT	+0.0100%	4h	0.01505	+0.133%	$432K	$859K	25x	as long as short
KuCoin COTIUSDTMlong	+0.0100%	4h	0.01503	long leg	$1.9M	$1.5M	50x
Bitget COTIUSDTshort	+0.0100%	4h	0.01511	+0.532%	$3.3M	$2.4M	50x
Variational Omni COTI	+0.0100%	8h	0.01503	+0.021%	$25K	$28K	—	as long as short
BingX COTI-USDT	+0.0200%	4h	0.01509	+0.406%	—	$1.6M	—	as long as short
BloFin COTI-USDT	+0.0258%	4h	0.01502	−0.093%	$403K	$449K	50x	as long as short