Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: Bybit against Bitget+0.126%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs−$249as in the Funding arb table
Net, price: spread back to 7d avg − costs−$261as in the Price arb table
costs, in and out, $10k−$2622.616% of the position
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.126%, 7d avg +0.123%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COWUSDT | 0.1592 | 0.0100 | pay 0.0050% / 4h | 2h 21m | $372K | $231K | 50x |
| Short | Bybit COWUSDT | 0.1594 | 0.0100 | get 0.0050% / 4h | 2h 21m | $971K | $497K | 25x |
Bitget COWUSDT
Bybit COWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.126% → +0.123%
- $0.31
- Slippage, 4 orders
- −$238.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$261.31
- Costs to cover
- 2.616%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 25 min ago; Bybit: live order book, 26 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, 25 min ago | 9.43 bp | 27.8 bp −$28 | 82.4 bp −$824 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 26 min ago | 7.54 bp | 83.1 bp −$83 | 276.5 bp −$2,765 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster COWUSDT | +0.0100% | 4h | 0.1592 | +0.011% | $30K | $13K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1593 | +0.066% | $2.1M | $3.2M | 50x | as long as short |
| Bybit COWUSDTshort | +0.0100% | 4h | 0.1594 | +0.126% | $971K | $497K | 25x | |
| Gate COW_USDT | +0.0100% | 4h | 0.1591 | −0.063% | $121K | $76K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1593 | +0.063% | $563K | $205K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1591 | −0.063% | $217K | $42K | 20x | as long as short |
| Bitget COWUSDTlong | +0.0100% | 4h | 0.1592 | long leg | $372K | $231K | 50x | |
| BingX COW-USDT | +0.0100% | 4h | 0.1592 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1590 | −0.099% | $8K | $3K | — | as long as short |
| BloFin COW-USDT | +0.0102% | 4h | 0.1590 | −0.126% | $134K | $31K | 75x | as long as short |
Aster COWUSDT
Binance COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
BingX COW-USDT
Variational Omni COW
BloFin COW-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0664% | 1h | 0.1592 | +0.003% | $5K | $199 | 10x | as long as short |
Kraken Futures PF_COWUSD