Funding you earn now, next payment 12:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against BingX−0.039%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1161.160% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now −0.039%, 7d avg −0.037%
=The price spread sits at its 7-day average of −0.037%, 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 | BingX COW-USDT | 0.1595 | 0.0070 | pay 0.0035% / 4h | 52m 41s | — | $6.6M | — |
| Short | Binance COWUSDT | 0.1594 | 0.0100 | get 0.0050% / 4h | 52m 41s | $2.1M | $3.0M | 50x |
BingX COW-USDT
Binance COWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- $6.3
- Price spread: −0.039% → −0.037%
- −$0.21
- Slippage, 4 orders
- −$96.03
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$109.94
- Costs to cover
- 1.160%
- Break-even
- 129.2 days
Slippage from BingX: live order book, 8 min ago; Binance: live order book, 6 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 BingX live order book, 8 min ago | 12.52 bp | 29.3 bp −$29 | 81.8 bp −$818 | 632.6 bp −$63.3K | 968.9 bp −$484.4K |
| Sell Binance live order book, 6 min ago | 3.14 bp | 29.3 bp −$29 | 97.0 bp −$970 | 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 | +0.0052% | 4h | 0.1593 | −0.125% | $136K | $31K | 75x | as long as short |
| BingX COW-USDTlong | +0.0070% | 4h | 0.1595 | long leg | — | $6.6M | — | |
| Aster COWUSDT | +0.0100% | 4h | 0.1597 | +0.102% | $30K | $11K | 5x | as long as short |
| Binance COWUSDTshort | +0.0100% | 4h | 0.1594 | −0.039% | $2.1M | $3.0M | 50x | |
| Bybit COWUSDT | +0.0100% | 4h | 0.1596 | +0.082% | $966K | $449K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1595 | 0.000% | $121K | $66K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1595 | 0.000% | $561K | $188K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1593 | −0.125% | $215K | $37K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1593 | −0.125% | $378K | $205K | 50x | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1596 | +0.080% | $8K | $3K | — | as long as short |
BloFin COW-USDT
Aster COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
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 | 0.1593 | −0.102% | $5K | $95 | 10x | as long as short |
Kraken Futures PF_COWUSD