Funding you earn now, next payment 12:00 UTC+0.0151%/8h= +16.6% APRpaid last 24h −0.028%
Price spread now: Kraken Futures against Aster−0.204%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Kraken Futures is 0.204% cheaper against Aster than usual: you would sell low and buy high (spread −0.204% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 4.5 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster COWUSDT | 0.1597 | 0.0100 | pay 0.0050% / 4h | 52m 25s | $30K | $11K | 5x |
| Short | Kraken Futures PF_COWUSD | 0.1593 | 0.0251 | get 0.0031% / 1h | 52m 25s | $5K | $95 | 10x |
Aster COWUSDT
Kraken Futures PF_COWUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $31.75
- Price spread: −0.204% → 0.000%
- −$20.35
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$6.61
- Costs to cover
- 0.180%
- Break-even
- 8.5 days
Slippage unknown: Aster: no order-book sample; Kraken Futures: no order-book sample. 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 Kraken Futures no order-book sample | — | — | — | — | — |
Aster and Kraken Futures: 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 exchanges
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-USDT | +0.0052% | 4h | 0.1593 | −0.227% | $136K | $31K | 75x | as long as short |
| BingX COW-USDT | +0.0070% | 4h | 0.1595 | −0.102% | — | $6.6M | — | as long as short |
| Aster COWUSDTlong | +0.0100% | 4h | 0.1597 | long leg | $30K | $11K | 5x | |
| Binance COWUSDT | +0.0100% | 4h | 0.1595 | −0.102% | $2.1M | $3.0M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1596 | −0.058% | $966K | $449K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1595 | −0.102% | $121K | $66K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1595 | −0.102% | $561K | $188K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1593 | −0.227% | $215K | $37K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1593 | −0.227% | $378K | $205K | 50x | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1596 | −0.022% | $8K | $3K | — | as long as short |
BloFin COW-USDT
BingX COW-USDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
Variational Omni COWShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSDshort | +0.0251% | 1h | 0.1593 | −0.204% | $5K | $95 | 10x |