Funding you earn now, next payment 12:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.003%
Price spread now: Variational Omni against BingX+0.080%7-day average — · you sell dearer than you buy
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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.080% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX COW-USDT | 0.1595 | 0.0070 | pay 0.0035% / 4h | 52m 43s | — | $6.6M | — |
| Short | Variational Omni COW | 0.1596 | 0.0100 | get 0.0050% / 4h | 52m 43s | $8K | $3K | — |
BingX COW-USDT
Variational Omni COWFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $6.3
- Price spread: +0.080% → 0.000%
- $8.01
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $4.31
- Costs to cover
- 0.100%
- Break-even
- 2.2 days
Slippage unknown: BingX: live order book, 7 min ago; Variational Omni: 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, 7 min ago | 12.52 bp | 29.3 bp −$29 | 81.8 bp −$818 | 632.6 bp −$63.3K | 968.9 bp −$484.4K |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: 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 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 | +0.0052% | 4h | 0.1593 | −0.125% | $136K | $31K | 75x | as long as short |
| BingX COW-USDTlong | +0.0070% | 4h | 0.1595 | long leg | — | $6.6M | — | |
| Aster COWUSDT | +0.0100% | 4h | 0.1597 | +0.102% | $30K | $11K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1594 | −0.039% | $2.1M | $3.0M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1596 | +0.082% | $966K | $449K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1595 | 0.000% | $121K | $66K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1595 | 0.000% | $561K | $188K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1593 | −0.125% | $215K | $37K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1593 | −0.125% | $378K | $205K | 50x | as long as short |
| Variational Omni COWshort | +0.0100% | 4h | 0.1596 | +0.080% | $8K | $3K | — |
BloFin COW-USDT
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0251% | 1h | 0.1593 | −0.102% | $5K | $95 | 10x | as long as short |
Kraken Futures PF_COWUSD