Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against BloFin−0.371%108s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1211.211% of the position
Funding, last 7 days−0.175%−$18 on $10k
+Price spread, last 4 days (all we have)+0.412%+$41 · spread now −0.371%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.338% cheaper against BloFin than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.033%). Swap the legs. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COW-USDT | 0.1616 | 0.0134 | pay 0.0067% / 4h | 1h 07m | $134K | $31K | 75x |
| Short | Gate COW_USDT | 0.1610 | 0.0100 | get 0.0050% / 4h | 1h 07m | $118K | $60K | 50x |
BloFin COW-USDT
Gate COW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$7.17
- Price spread: −0.371% → −0.033%
- −$33.78
- Slippage, 4 orders
- −$94.12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$162.06
- Costs to cover
- 1.211%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 59 min ago; Gate: live order book, 28 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 Gate live order book, 28 min ago | 15.78 bp | 39.3 bp −$39 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster COWUSDT | +0.0100% | 4h | 0.1612 | −0.245% | $30K | $12K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1611 | −0.318% | $2.1M | $2.9M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1609 | −0.408% | $949K | $470K | 25x | as long as short |
| Gate COW_USDTshort | +0.0100% | 4h | 0.1610 | −0.371% | $118K | $60K | 50x | |
| MEXC COW_USDT | +0.0100% | 4h | 0.1610 | −0.371% | $575K | $191K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1610 | −0.371% | $227K | $42K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1609 | −0.433% | $374K | $174K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1611 | −0.309% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1613 | −0.182% | $6K | $592 | — | as long as short |
| BloFin COW-USDTlong | +0.0134% | 4h | 0.1616 | long leg | $134K | $31K | 75x |
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
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 | +0.0941% | 1h | 0.1614 | −0.110% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD