Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: Gate against BingX+0.062%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1691.694% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.062%, 7d avg −0.056%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.118% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.056%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX COW-USDT | 0.1615 | 0.0100 | pay 0.0050% / 4h | 24m 09s | — | $6.6M | — |
| Short | Gate COW_USDT | 0.1616 | 0.0100 | get 0.0050% / 4h | 24m 09s | $130K | $73K | 50x |
BingX COW-USDT
Gate COW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.062% → −0.056%
- $11.79
- Slippage, 4 orders
- −$144.4
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$157.61
- Costs to cover
- 1.694%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Gate: 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, 3 min ago | 12.35 bp | 34.3 bp −$34 | 81.2 bp −$812 | 596.2 bp −$59.6K | 981.1 bp −$490.5K |
| Sell Gate live order book, 6 min ago | 9.25 bp | 40.9 bp −$41 | doesn't fit | 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-USDT | +0.0074% | 4h | 0.1616 | +0.062% | $139K | $32K | 75x | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1616 | +0.044% | $30K | $12K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1615 | +0.027% | $2.2M | $3.1M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1615 | +0.006% | $957K | $493K | 25x | as long as short |
| Gate COW_USDTshort | +0.0100% | 4h | 0.1616 | +0.062% | $130K | $73K | 50x | |
| MEXC COW_USDT | +0.0100% | 4h | 0.1615 | 0.000% | $589K | $198K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1617 | +0.124% | $222K | $43K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1615 | 0.000% | $394K | $202K | 50x | as long as short |
| BingX COW-USDTlong | +0.0100% | 4h | 0.1615 | long leg | — | $6.6M | — | |
| Variational Omni COW | +0.0100% | 4h | 0.1614 | −0.049% | $6K | $592 | — | as long as short |
BloFin COW-USDT
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
Variational Omni COWShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0686% | 1h | 0.1616 | +0.075% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD