Funding you earn now, next payment 08:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.21 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Binance0.000%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1000.996% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now 0.000%, 7d avg −0.002%
=The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$1 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 | 0.1588 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $2.0M | $2.7M | 50x |
| Short | BloFin COW-USDT | 0.1588 | 0.0059 | get 0.0029% / 4h | 2h 37m | $133K | $30K | 75x |
Binance COWUSDT
BloFin COW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$8.62
- Price spread: 0.000% → −0.002%
- $0.22
- Slippage, 4 orders
- −$77.57
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$107.97
- Costs to cover
- 0.996%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; BloFin: live order book, 42 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, 13 min ago | 6.29 bp | 21.2 bp −$21 | 98.0 bp −$980 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 42 min ago | 3.17 bp | 21.4 bp −$21 | 54.9 bp −$549 | doesn't fit | doesn't fit |
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 | +0.0059% | 4h | 0.1588 | 0.000% | $133K | $30K | 75x | |
| Aster COWUSDT | +0.0100% | 4h | 0.1585 | −0.175% | $29K | $13K | 5x | as long as short |
| Binance COWUSDTlong | +0.0100% | 4h | 0.1588 | long leg | $2.0M | $2.7M | 50x | |
| Gate COW_USDT | +0.0100% | 4h | 0.1581 | −0.441% | $117K | $55K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1586 | −0.126% | $580K | $179K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1583 | −0.315% | $234K | $39K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1586 | −0.126% | $379K | $188K | 50x | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1587 | −0.060% | $6K | $692 | — | as long as short |
| Bybit COWUSDT | +0.0133% | 4h | 0.1588 | 0.000% | $945K | $456K | 25x | as long as short |
| BingX COW-USDT | +0.0142% | 4h | 0.1585 | −0.189% | — | $6.6M | — | as long as short |
Aster COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
Variational Omni COW
Bybit COWUSDT
BingX COW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0747% | 1h | 0.1588 | +0.026% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD