COTI arbitrage between Coinbase and Kraken: we compare the price of COTI on Coinbase (spot) and Kraken (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About COTI

COTI is a fast and light confidentiality layer on Ethereum. Powered by the breakthrough cryptographic protocol Garbled Circuits and secured by Ethereum, COTI introduces the most advanced and compliant solution for data protection on the public blockchain. Paving the way for the next wave of Web3 innovation and adoption, COTI unlocks a whole new world of use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.

Smart Contract Platform, Ethereum Ecosystem, Layer 2 (L2), Zero Knowledge (ZK)

Over the past 24 hours the spread between Coinbase and Kraken stayed between 0.41% and 1.56%, median 0.67% across 25 samples (futures to spot (basis)).

COTI: Coinbase — deposit open, withdrawal open.

Open interest in COTI right now — $17.5M: Binance $6.6M, KuCoin $4.2M, Bybit $2.8M, Bitget $2.6M, BingX $1.3M. See OI COTI.

About COTI arbitrage

How do I read the COTI spread?

The spread is how many percent higher COTI trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Coinbase and Kraken. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get COTI alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.