Settings8H · net · $10k
Funding arb · Price arb /

COW

all COW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against Binance+0.017%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance COWUSDT0.16150.0100pay 0.0050% / 4h24m 08s$2.2M$3.1M50x
ShortAster COWUSDT0.16160.0100get 0.0050% / 4h24m 08s$30K$12K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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

Funding earned
$0
Price spread: +0.017% → 0.000%
$1.71
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$16.29
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 11 min ago; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago3.09 bp25.3 bp −$25127.1 bp −$1,271doesn't fitdoesn't fit
Sell Aster no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin COW-USDT+0.0074%4h0.1616+0.035%$139K$32K75xas long as short
Aster COWUSDTshort+0.0100%4h0.1616+0.017%$30K$12K5x
Binance COWUSDTlong+0.0100%4h0.1615long leg$2.2M$3.1M50x
Bybit COWUSDT+0.0100%4h0.1615−0.021%$957K$493K25xas long as short
Gate COW_USDT+0.0100%4h0.1616+0.035%$130K$73K50xas long as short
MEXC COW_USDT+0.0100%4h0.1615−0.027%$589K$198K20xas long as short
KuCoin COWUSDTM+0.0100%4h0.1617+0.097%$222K$43K20xas long as short
Bitget COWUSDT+0.0100%4h0.1615−0.027%$394K$202K50xas long as short
BingX COW-USDT+0.0100%4h0.1615−0.027%$6.6Mas long as short
Variational Omni COW+0.0100%4h0.1614−0.077%$6K$592as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_COWUSD+0.0686%1h0.1616+0.048%$5K$21210xas long as short