Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance−0.034%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1051.052% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.034%, 7d avg −0.055%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.021% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COWUSDT | 0.1603 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $2.1M | $3.0M | 50x |
| Short | Bitget COWUSDT | 0.1602 | 0.0100 | get 0.0050% / 4h | 1h 31m | $378K | $206K | 50x |
Binance COWUSDT
Bitget COWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $0
- Price spread: −0.034% → −0.055%
- $2.06
- Slippage, 4 orders
- −$83.17
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$103.11
- Costs to cover
- 1.052%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bitget: 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, 12 min ago | 3.12 bp | 29.0 bp −$29 | 127.1 bp −$1,271 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 7 min ago | 12.45 bp | 24.6 bp −$25 | 71.3 bp −$713 | doesn't fit | doesn't fit |
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 | +0.0048% | 4h | 0.1598 | −0.284% | $135K | $31K | 75x | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1602 | −0.031% | $30K | $11K | 5x | as long as short |
| Binance COWUSDTlong | +0.0100% | 4h | 0.1603 | long leg | $2.1M | $3.0M | 50x | |
| Bybit COWUSDT | +0.0100% | 4h | 0.1602 | −0.009% | $981K | $467K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1603 | +0.028% | $122K | $67K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1601 | −0.097% | $575K | $204K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1602 | −0.034% | $216K | $37K | 20x | as long as short |
| Bitget COWUSDTshort | +0.0100% | 4h | 0.1602 | −0.034% | $378K | $206K | 50x | |
| BingX COW-USDT | +0.0100% | 4h | 0.1603 | +0.028% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1603 | +0.050% | $8K | $3K | — | as long as short |
BloFin COW-USDT
Aster COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
BingX COW-USDT
Variational Omni COWShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0512% | 1h | 0.1603 | +0.048% | $5K | $199 | 10x | as long as short |
Kraken Futures PF_COWUSD