Funding you earn now, next payment 07:00 UTC+0.0843%/8h= +92.3% APRpaid last 24h −0.081%
Price spread now: Kraken Futures against BingX−0.236%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Kraken Futures is 0.236% cheaper against BingX than usual: you would sell low and buy high (spread −0.236% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 22 hours of funding at the current rate (+$25 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX COW-USDT | 0.1614 | 0.0100 | pay 0.0050% / 4h | 1h 06m | — | $6.6M | — |
| Short | Kraken Futures PF_COWUSD | 0.1610 | 0.0943 | get 0.0118% / 1h | 6m 47s | $5K | $212 | 10x |
BingX COW-USDT
Kraken Futures PF_COWUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $177.04
- Price spread: −0.236% → 0.000%
- −$23.56
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $133.48
- Costs to cover
- 0.200%
- Break-even
- 1.7 days
Slippage unknown: BingX: live order book, 15 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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, 15 min ago | 9.33 bp | 27.0 bp −$27 | 86.8 bp −$868 | 599.0 bp −$59.9K | 950.7 bp −$475.3K |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster COWUSDT | +0.0100% | 4h | 0.1615 | +0.038% | $30K | $12K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1613 | −0.060% | $2.1M | $2.9M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1615 | +0.068% | $953K | $470K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1610 | −0.248% | $118K | $60K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1613 | −0.062% | $576K | $191K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1610 | −0.248% | $228K | $42K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1612 | −0.124% | $375K | $174K | 50x | as long as short |
| BingX COW-USDTlong | +0.0100% | 4h | 0.1614 | long leg | — | $6.6M | — | |
| Variational Omni COW | +0.0100% | 4h | 0.1613 | −0.059% | $6K | $592 | — | as long as short |
| BloFin COW-USDT | +0.0110% | 4h | 0.1612 | −0.124% | $134K | $31K | 75x | as long as short |
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
Variational Omni COW
BloFin COW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSDshort | +0.0943% | 1h | 0.1610 | −0.236% | $5K | $212 | 10x |