Funding you earn now, next payment 12:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Bitget+0.125%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$960.957% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.125%, 7d avg +0.055%
=The price spread pays, funding is against you. BloFin is 0.070% dearer against Bitget than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.055%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.128%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COWUSDT | 0.1601 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $373K | $237K | 50x |
| Short | BloFin COW-USDT | 0.1603 | 0.0045 | get 0.0023% / 4h | 3h 39m | $137K | $32K | 75x |
Bitget COWUSDT
BloFin COW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$11.54
- Price spread: +0.125% → +0.055%
- $7
- Slippage, 4 orders
- −$71.65
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$100.19
- Costs to cover
- 0.957%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 51 min ago; BloFin: live order book, 17 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, 51 min ago | 15.43 bp | 28.4 bp −$28 | 94.2 bp −$942 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 3.11 bp | 11.9 bp −$12 | 49.9 bp −$499 | 320.3 bp −$32.0K | 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-USDTshort | +0.0045% | 4h | 0.1603 | +0.125% | $137K | $32K | 75x | |
| Aster COWUSDT | +0.0100% | 4h | 0.1604 | +0.173% | $30K | $13K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1602 | +0.034% | $2.1M | $3.3M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1603 | +0.150% | $961K | $517K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1603 | +0.125% | $128K | $73K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1602 | +0.062% | $595K | $199K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1603 | +0.125% | $220K | $43K | 20x | as long as short |
| Bitget COWUSDTlong | +0.0100% | 4h | 0.1601 | long leg | $373K | $237K | 50x | |
| BingX COW-USDT | +0.0100% | 4h | 0.1601 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1601 | −0.026% | $8K | $3K | — | as long as short |
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
BingX COW-USDT
Variational Omni COWShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.1657% | 1h | 0.1602 | +0.045% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD