Funding you earn now, next payment 08:00 UTC−0.0133%/8h= −14.5% APRnext payment −$0.66 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against BingX+0.124%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$1001.003% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)−0.245%−$24 · spread now +0.124%, 7d avg −0.025%
=The price spread pays, funding is against you. BloFin is 0.150% dearer against BingX than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of −0.025%): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX COW-USDT | 0.1608 | 0.0198 | pay 0.0099% / 4h | 1h 58m | — | $6.6M | — |
| Short | BloFin COW-USDT | 0.1610 | 0.0065 | get 0.0033% / 4h | 1h 58m | $133K | $30K | 75x |
BingX COW-USDT
BloFin COW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$27.85
- Price spread: +0.124% → −0.025%
- $14.95
- Slippage, 4 orders
- −$78.27
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$113.17
- Costs to cover
- 1.003%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 8 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 | 12.42 bp | 32.8 bp −$33 | 101.7 bp −$1,017 | 539.0 bp −$53.9K | 842.6 bp −$421.3K |
| Sell BloFin live order book, 8 min ago | 3.11 bp | 22.2 bp −$22 | 77.6 bp −$776 | 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 | +0.0065% | 4h | 0.1610 | +0.124% | $133K | $30K | 75x | |
| Aster COWUSDT | +0.0100% | 4h | 0.1611 | +0.161% | $30K | $12K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1610 | +0.124% | $2.1M | $2.8M | 50x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1609 | +0.062% | $119K | $58K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1609 | +0.062% | $582K | $186K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1609 | +0.062% | $237K | $39K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1609 | +0.062% | $384K | $194K | 50x | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1611 | +0.174% | $6K | $592 | — | as long as short |
| Bybit COWUSDT | +0.0141% | 4h | 0.1610 | +0.112% | $955K | $463K | 25x | as long as short |
| BingX COW-USDTlong | +0.0198% | 4h | 0.1608 | long leg | — | $6.6M | — |
Aster COWUSDT
Binance COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
Variational Omni COW
Bybit COWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0943% | 1h | 0.1610 | +0.111% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD