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: KuCoin against Binance−0.308%7-day average +0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$476as in the Funding arb table
Net, price: spread back to 7d avg − costs−$516as in the Price arb table
costs, in and out, $10k−$4764.762% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.449%+$45 · spread now −0.308%, 7d avg +0.094%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.402% cheaper against Binance than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of +0.094%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COWUSDT | 0.1599 | 0.0100 | pay 0.0050% / 4h | 49m 52s | $2.1M | $3.0M | 50x |
| Short | KuCoin COWUSDTM | 0.1594 | 0.0100 | get 0.0050% / 4h | 49m 52s | $215K | $36K | 20x |
Binance COWUSDT
KuCoin COWUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.308% → +0.094%
- −$40.23
- Slippage, 4 orders
- −$454.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$516.45
- Costs to cover
- 4.762%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 43 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, 9 min ago | 3.14 bp | 22.0 bp −$22 | 123.2 bp −$1,232 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 43 min ago | 21.83 bp | 193.4 bp −$193 | 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 | +0.0069% | 4h | 0.1596 | −0.183% | $136K | $31K | 75x | as long as short |
| BingX COW-USDT | +0.0070% | 4h | 0.1599 | +0.005% | — | $6.6M | — | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1599 | −0.001% | $30K | $11K | 5x | as long as short |
| Binance COWUSDTlong | +0.0100% | 4h | 0.1599 | long leg | $2.1M | $3.0M | 50x | |
| Bybit COWUSDT | +0.0100% | 4h | 0.1599 | +0.017% | $968K | $460K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1596 | −0.183% | $121K | $66K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1598 | −0.058% | $562K | $188K | 20x | as long as short |
| KuCoin COWUSDTMshort | +0.0100% | 4h | 0.1594 | −0.308% | $215K | $36K | 20x | |
| Bitget COWUSDT | +0.0100% | 4h | 0.1597 | −0.120% | $379K | $205K | 50x | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1597 | −0.150% | $8K | $3K | — | as long as short |
BloFin COW-USDT
BingX COW-USDT
Aster COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
Bitget COWUSDT
Variational Omni COWShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0251% | 1h | 0.1597 | −0.148% | $5K | $95 | 10x | as long as short |
Kraken Futures PF_COWUSD