Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.005%
Price spread now: BingX against BloFin−0.062%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$930.925% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.062%, 7d avg +0.024%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BingX is 0.086% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COW-USDT | 0.1612 | 0.0110 | pay 0.0055% / 4h | 1h 07m | $134K | $31K | 75x |
| Short | BingX COW-USDT | 0.1611 | 0.0100 | get 0.0050% / 4h | 1h 07m | — | $6.6M | — |
BloFin COW-USDT
BingX COW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$2.07
- Price spread: −0.062% → +0.024%
- −$8.61
- Slippage, 4 orders
- −$70.53
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$103.21
- Costs to cover
- 0.925%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 59 min ago; BingX: live order book, 15 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, 59 min ago | 3.11 bp | 17.6 bp −$18 | 75.3 bp −$753 | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 9.33 bp | 25.8 bp −$26 | 80.9 bp −$809 | 560.7 bp −$56.1K | 980.6 bp −$490.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster COWUSDT | +0.0100% | 4h | 0.1613 | +0.031% | $30K | $12K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1611 | −0.087% | $2.1M | $2.9M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1610 | −0.093% | $950K | $470K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1610 | −0.124% | $118K | $60K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1611 | −0.062% | $575K | $191K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1610 | −0.124% | $228K | $42K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1609 | −0.186% | $374K | $174K | 50x | as long as short |
| BingX COW-USDTshort | +0.0100% | 4h | 0.1611 | −0.062% | — | $6.6M | — | |
| Variational Omni COW | +0.0100% | 4h | 0.1613 | +0.065% | $6K | $592 | — | as long as short |
| BloFin COW-USDTlong | +0.0110% | 4h | 0.1612 | long leg | $134K | $31K | 75x |
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
Variational Omni COWShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0943% | 1h | 0.1610 | −0.112% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD