Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against Bybit+0.095%7-day average −0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1781.780% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.095%, 7d avg −0.066%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.162% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.066%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COWUSDT | 0.1609 | 0.0100 | pay 0.0050% / 4h | 1h 07m | $949K | $470K | 25x |
| Short | Binance COWUSDT | 0.1611 | 0.0100 | get 0.0050% / 4h | 1h 07m | $2.1M | $2.9M | 50x |
Bybit COWUSDT
Binance COWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: +0.095% → −0.066%
- $16.19
- Slippage, 4 orders
- −$157.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$161.85
- Costs to cover
- 1.780%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 33 min ago; Binance: live order book, 13 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 Bybit live order book, 33 min ago | 9.43 bp | 66.6 bp −$67 | 544.5 bp −$5,445 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 3.11 bp | 24.7 bp −$25 | 89.8 bp −$898 | 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 | +0.170% | $30K | $12K | 5x | as long as short |
| Binance COWUSDTshort | +0.0100% | 4h | 0.1611 | +0.095% | $2.1M | $2.9M | 50x | |
| Bybit COWUSDTlong | +0.0100% | 4h | 0.1609 | long leg | $949K | $470K | 25x | |
| Gate COW_USDT | +0.0100% | 4h | 0.1610 | +0.037% | $118K | $60K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1610 | +0.037% | $575K | $191K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1611 | +0.099% | $227K | $42K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1609 | −0.025% | $374K | $174K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1610 | +0.037% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1613 | +0.227% | $6K | $592 | — | as long as short |
| BloFin COW-USDT | +0.0134% | 4h | 0.1616 | +0.410% | $134K | $31K | 75x | as long as short |
Aster COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
BingX COW-USDT
Variational Omni COW
BloFin COW-USDTShow 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 | +0.300% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD