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: BingX against Bitget0.000%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1201.200% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now 0.000%, 7d avg +0.081%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.081% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COWUSDT | 0.1615 | 0.0100 | pay 0.0050% / 4h | 24m 08s | $394K | $202K | 50x |
| Short | BingX COW-USDT | 0.1615 | 0.0100 | get 0.0050% / 4h | 24m 08s | — | $6.6M | — |
Bitget COWUSDT
BingX COW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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: 0.000% → +0.081%
- −$8.12
- Slippage, 4 orders
- −$97.98
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$128.11
- Costs to cover
- 1.200%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 6 min ago; BingX: live order book, 3 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 Bitget live order book, 6 min ago | 15.43 bp | 28.4 bp −$28 | 94.2 bp −$942 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 12.35 bp | 32.8 bp −$33 | 81.1 bp −$811 | 449.4 bp −$44.9K | 921.2 bp −$460.6K |
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_USDT | +0.0100% | 4h | 0.1616 | +0.062% | $130K | $73K | 50x | as long as short |
| 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 COWUSDTlong | +0.0100% | 4h | 0.1615 | long leg | $394K | $202K | 50x | |
| BingX COW-USDTshort | +0.0100% | 4h | 0.1615 | 0.000% | — | $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
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
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