Funding you earn now, next payment 12:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Aster−0.048%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.048% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster COWUSDT | 0.1604 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $30K | $13K | 5x |
| Short | BloFin COW-USDT | 0.1603 | 0.0045 | get 0.0023% / 4h | 3h 39m | $137K | $32K | 75x |
Aster COWUSDT
BloFin COW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Aster. 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
- −$11.54
- Price spread: −0.048% → 0.000%
- −$4.81
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$36.35
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Aster: no order-book sample; BloFin: live order book, 17 min ago. Net counts fees only.
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 Aster no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 17 min ago | 3.11 bp | 11.9 bp −$12 | 49.9 bp −$499 | 320.3 bp −$32.0K | doesn't fit |
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
COW on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COW-USDTshort | +0.0045% | 4h | 0.1603 | −0.048% | $137K | $32K | 75x | |
| Aster COWUSDTlong | +0.0100% | 4h | 0.1604 | long leg | $30K | $13K | 5x | |
| Binance COWUSDT | +0.0100% | 4h | 0.1602 | −0.138% | $2.1M | $3.3M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1603 | −0.023% | $961K | $517K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1603 | −0.048% | $128K | $73K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1602 | −0.110% | $595K | $199K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1603 | −0.048% | $220K | $43K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1601 | −0.173% | $373K | $237K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1601 | −0.173% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1601 | −0.199% | $8K | $3K | — | as long as short |
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
BingX COW-USDT
Variational Omni COWShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.1657% | 1h | 0.1602 | −0.128% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD