Funding you earn now, next payment 10:00 UTC+0.0536%/8h= +58.7% APRpaid last 24h −0.043%
Price spread now: Kraken Futures against BloFin−0.019%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$16 a day on $10k at the current rate. The two prices were read 57 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 | 0.1600 | 0.0125 | pay 0.0062% / 4h | 2h 05m | $134K | $31K | 75x |
| Short | Kraken Futures PF_COWUSD | 0.1600 | 0.0661 | get 0.0083% / 1h | 5m 29s | $5K | $199 | 10x |
BloFin COW-USDT
Kraken Futures PF_COWUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $112.58
- Price spread: −0.019% → 0.000%
- −$1.88
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $88.7
- Costs to cover
- 0.220%
- Break-even
- 1.5 days
Slippage unknown: BloFin: live order book, 38 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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, 38 min ago | 3.15 bp | 33.5 bp −$33 | 69.8 bp −$698 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.1600 | +0.024% | $30K | $13K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1600 | 0.000% | $2.1M | $3.1M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1600 | −0.031% | $979K | $481K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1598 | −0.125% | $121K | $76K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1602 | +0.125% | $586K | $209K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1598 | −0.125% | $216K | $43K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1600 | 0.000% | $374K | $217K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1600 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1601 | +0.055% | $8K | $3K | — | as long as short |
| BloFin COW-USDTlong | +0.0125% | 4h | 0.1600 | long leg | $134K | $31K | 75x |
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
BingX COW-USDT
Variational Omni COWShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSDshort | +0.0661% | 1h | 0.1600 | −0.019% | $5K | $199 | 10x |