Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.17 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BloFin0.000%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$890.892% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now 0.000%, 7d avg +0.002%
=The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COW-USDT | 0.1610 | 0.0065 | pay 0.0033% / 4h | 1h 58m | $133K | $30K | 75x |
| Short | Binance COWUSDT | 0.1610 | 0.0100 | get 0.0050% / 4h | 1h 58m | $2.1M | $2.8M | 50x |
BloFin COW-USDT
Binance COWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $7.27
- Price spread: 0.000% → +0.002%
- −$0.22
- Slippage, 4 orders
- −$67.22
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$82.16
- Costs to cover
- 0.892%
- Break-even
- 86.1 days
Slippage from BloFin: live order book, 8 min ago; Binance: live order book, 6 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 BloFin live order book, 8 min ago | 3.11 bp | 17.6 bp −$18 | 75.3 bp −$753 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 3.11 bp | 24.4 bp −$24 | 93.1 bp −$931 | doesn't fit | 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-USDTlong | +0.0065% | 4h | 0.1610 | long leg | $133K | $30K | 75x | |
| Aster COWUSDT | +0.0100% | 4h | 0.1611 | +0.036% | $30K | $12K | 5x | as long as short |
| Binance COWUSDTshort | +0.0100% | 4h | 0.1610 | 0.000% | $2.1M | $2.8M | 50x | |
| Gate COW_USDT | +0.0100% | 4h | 0.1609 | −0.062% | $119K | $58K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1609 | −0.062% | $582K | $186K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1609 | −0.062% | $237K | $39K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1609 | −0.062% | $384K | $194K | 50x | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1611 | +0.050% | $6K | $592 | — | as long as short |
| Bybit COWUSDT | +0.0141% | 4h | 0.1610 | −0.012% | $955K | $463K | 25x | as long as short |
| BingX COW-USDT | +0.0198% | 4h | 0.1608 | −0.124% | — | $6.6M | — | as long as short |
Aster COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
Variational Omni COW
Bybit COWUSDT
BingX COW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0943% | 1h | 0.1610 | −0.013% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD