Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Bitget against BingX0.000%7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1091.094% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now 0.000%, 7d avg −0.081%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.081% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX COW-USDT | 0.1592 | 0.0100 | pay 0.0050% / 4h | 2h 21m | — | $6.6M | — |
| Short | Bitget COWUSDT | 0.1592 | 0.0100 | get 0.0050% / 4h | 2h 21m | $372K | $231K | 50x |
BingX COW-USDT
Bitget COWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $0
- Price spread: 0.000% → −0.081%
- $8.15
- Slippage, 4 orders
- −$87.4
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$101.25
- Costs to cover
- 1.094%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Bitget: live order book, 25 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 | 12.58 bp | 31.8 bp −$32 | 110.9 bp −$1,109 | 641.6 bp −$64.2K | 979.5 bp −$489.7K |
| Sell Bitget live order book, 25 min ago | 9.43 bp | 16.6 bp −$17 | 59.7 bp −$597 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster COWUSDT | +0.0100% | 4h | 0.1592 | +0.011% | $30K | $13K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1593 | +0.066% | $2.1M | $3.2M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1594 | +0.126% | $971K | $497K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1591 | −0.063% | $121K | $76K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1593 | +0.063% | $563K | $205K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1591 | −0.063% | $217K | $42K | 20x | as long as short |
| Bitget COWUSDTshort | +0.0100% | 4h | 0.1592 | 0.000% | $372K | $231K | 50x | |
| BingX COW-USDTlong | +0.0100% | 4h | 0.1592 | long leg | — | $6.6M | — | |
| Variational Omni COW | +0.0100% | 4h | 0.1590 | −0.099% | $8K | $3K | — | as long as short |
| BloFin COW-USDT | +0.0102% | 4h | 0.1590 | −0.126% | $134K | $31K | 75x | as long as short |
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Variational Omni COW
BloFin COW-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0664% | 1h | 0.1592 | +0.003% | $5K | $199 | 10x | as long as short |
Kraken Futures PF_COWUSD