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: Gate against Binance+0.057%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1451.452% of the position
Funding, last 7 days−0.181%−$18 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.057%, 7d avg −0.030%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.087% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COWUSDT | 0.1602 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $2.1M | $3.0M | 50x |
| Short | Gate COW_USDT | 0.1603 | 0.0100 | get 0.0050% / 4h | 1h 31m | $122K | $67K | 50x |
Binance COWUSDT
Gate COW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.057% → −0.030%
- $8.74
- Slippage, 4 orders
- −$120.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$136.48
- Costs to cover
- 1.452%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Gate: 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 Gate live order book, 7 min ago | 15.55 bp | 45.7 bp −$46 | doesn't fit | 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 | −0.255% | $135K | $31K | 75x | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1602 | −0.003% | $30K | $11K | 5x | as long as short |
| Binance COWUSDTlong | +0.0100% | 4h | 0.1602 | long leg | $2.1M | $3.0M | 50x | |
| Bybit COWUSDT | +0.0100% | 4h | 0.1602 | +0.020% | $981K | $467K | 25x | as long as short |
| Gate COW_USDTshort | +0.0100% | 4h | 0.1603 | +0.057% | $122K | $67K | 50x | |
| MEXC COW_USDT | +0.0100% | 4h | 0.1601 | −0.068% | $575K | $204K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1602 | −0.005% | $216K | $37K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1602 | −0.005% | $378K | $206K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1603 | +0.057% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1603 | +0.078% | $8K | $3K | — | as long as short |
BloFin COW-USDT
Aster COWUSDT
Bybit COWUSDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
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 | +0.077% | $5K | $199 | 10x | as long as short |
Kraken Futures PF_COWUSD