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: KuCoin against BingX−0.063%7-day average +0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$496as in the Funding arb table
Net, price: spread back to 7d avg − costs−$513as in the Price arb table
costs, in and out, $10k−$5004.997% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.063%, 7d avg +0.070%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.133% cheaper against BingX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX COW-USDT | 0.1593 | 0.0100 | pay 0.0050% / 4h | 2h 20m | — | $6.6M | — |
| Short | KuCoin COWUSDTM | 0.1592 | 0.0100 | get 0.0050% / 4h | 2h 20m | $218K | $42K | 20x |
BingX COW-USDT
KuCoin COWUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.063% → +0.070%
- −$13.32
- Slippage, 4 orders
- −$477.66
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$512.98
- Costs to cover
- 4.997%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 22 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, 10 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 KuCoin live order book, 22 min ago | 25.17 bp | 143.5 bp −$144 | doesn't fit | 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 | +0.0071% | 4h | 0.1589 | −0.251% | $134K | $31K | 75x | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1592 | −0.055% | $30K | $13K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1595 | +0.095% | $2.1M | $3.2M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1594 | +0.069% | $970K | $498K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1592 | −0.063% | $121K | $76K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1594 | +0.063% | $583K | $208K | 20x | as long as short |
| KuCoin COWUSDTMshort | +0.0100% | 4h | 0.1592 | −0.063% | $218K | $42K | 20x | |
| Bitget COWUSDT | +0.0100% | 4h | 0.1592 | −0.063% | $372K | $231K | 50x | as long as short |
| BingX COW-USDTlong | +0.0100% | 4h | 0.1593 | long leg | — | $6.6M | — | |
| Variational Omni COW | +0.0100% | 4h | 0.1595 | +0.127% | $8K | $3K | — | as long as short |
BloFin COW-USDT
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
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 | +0.0663% | 1h | 0.1594 | +0.089% | $5K | $199 | 10x | as long as short |
Kraken Futures PF_COWUSD