Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against BloFin+0.124%80s7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$496as 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−$4964.962% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.124%, 7d avg +0.096%
=The price spread pays, funding is against you. KuCoin is 0.028% dearer against BloFin than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of +0.096%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours. The two prices were read 80 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 | 0.1618 | 0.0157 | pay 0.0078% / 4h | 17m 44s | $140K | $32K | 75x |
| Short | KuCoin COWUSDTM | 0.1620 | 0.0100 | get 0.0050% / 4h | 17m 44s | $222K | $43K | 20x |
BloFin COW-USDT
KuCoin COWUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$11.96
- Price spread: +0.124% → +0.096%
- $2.8
- Slippage, 4 orders
- −$472.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$505.32
- Costs to cover
- 4.962%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 44 min ago; KuCoin: live order book, 14 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, 44 min ago | 3.10 bp | 27.2 bp −$27 | 61.1 bp −$611 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 14 min ago | 18.52 bp | 156.2 bp −$156 | 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 | 0.1619 | +0.079% | $30K | $12K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1621 | +0.180% | $2.2M | $3.1M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1619 | +0.087% | $961K | $498K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1620 | +0.124% | $131K | $73K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1620 | +0.124% | $591K | $198K | 20x | as long as short |
| KuCoin COWUSDTMshort | +0.0100% | 4h | 0.1620 | +0.124% | $222K | $43K | 20x | |
| Bitget COWUSDT | +0.0100% | 4h | 0.1620 | +0.124% | $398K | $208K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1619 | +0.062% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1617 | −0.039% | $6K | $592 | — | as long as short |
| BloFin COW-USDTlong | +0.0157% | 4h | 0.1618 | long leg | $140K | $32K | 75x |
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
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 | +0.0685% | 1h | 0.1620 | +0.113% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD