Funding you earn now, next payment 08:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.49 per $10,000 · paid last 24h −0.005%
Price spread now: BingX against Binance+0.042%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1101.099% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.042%, 7d avg +0.036%
=The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COWUSDT | 0.1608 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $2.1M | $2.8M | 50x |
| Short | BingX COW-USDT | 0.1609 | 0.0198 | get 0.0099% / 4h | 1h 59m | — | $6.6M | — |
Binance COWUSDT
BingX COW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- $20.58
- Price spread: +0.042% → +0.036%
- $0.57
- Slippage, 4 orders
- −$89.85
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$88.7
- Costs to cover
- 1.099%
- Break-even
- 37.2 days
Slippage from Binance: live order book, 6 min ago; BingX: live order book, 7 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 Binance live order book, 6 min ago | 3.11 bp | 25.0 bp −$25 | 111.8 bp −$1,118 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 12.42 bp | 27.7 bp −$28 | 82.2 bp −$822 | 536.3 bp −$53.6K | 960.5 bp −$480.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster COWUSDT | +0.0100% | 4h | 0.1609 | +0.016% | $30K | $12K | 5x | as long as short |
| Binance COWUSDTlong | +0.0100% | 4h | 0.1608 | long leg | $2.1M | $2.8M | 50x | |
| Gate COW_USDT | +0.0100% | 4h | 0.1607 | −0.082% | $119K | $58K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1608 | −0.020% | $582K | $186K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1607 | −0.082% | $237K | $39K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1607 | −0.082% | $383K | $194K | 50x | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1611 | +0.154% | $6K | $592 | — | as long as short |
| BloFin COW-USDT | +0.0135% | 4h | 0.1610 | +0.104% | $133K | $30K | 75x | as long as short |
| Bybit COWUSDT | +0.0160% | 4h | 0.1609 | +0.042% | $955K | $464K | 25x | as long as short |
| BingX COW-USDTshort | +0.0198% | 4h | 0.1609 | +0.042% | — | $6.6M | — |
Aster COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
Variational Omni COW
BloFin COW-USDT
Bybit COWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0738% | 1h | 0.1608 | +0.003% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD