Funding you earn now, next payment 10:00 UTC−0.0563%/8h= −61.7% APRpaid last 24h +0.038%
Price spread now: BingX against Kraken Futures−0.089%7-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
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and BingX is 0.089% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_COWUSD | 0.1594 | 0.0663 | pay 0.0083% / 1h | 20m 01s | $5K | $199 | 10x |
| Short | BingX COW-USDT | 0.1593 | 0.0100 | get 0.0050% / 4h | 2h 20m | — | $6.6M | — |
Kraken Futures PF_COWUSD
BingX COW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$118.29
- Price spread: −0.089% → 0.000%
- −$8.9
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$147.19
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 10 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 10 min ago | 12.58 bp | 33.2 bp −$33 | 92.8 bp −$928 | 462.3 bp −$46.2K | 877.3 bp −$438.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COW-USDT | +0.0071% | 4h | 0.1589 | −0.340% | $134K | $31K | 75x | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1592 | −0.144% | $30K | $13K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1595 | +0.006% | $2.1M | $3.2M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1594 | −0.020% | $970K | $498K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1592 | −0.152% | $121K | $76K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1594 | −0.026% | $583K | $208K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1592 | −0.152% | $218K | $42K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1592 | −0.152% | $372K | $231K | 50x | as long as short |
| BingX COW-USDTshort | +0.0100% | 4h | 0.1593 | −0.089% | — | $6.6M | — | |
| Variational Omni COW | +0.0100% | 4h | 0.1595 | +0.038% | $8K | $3K | — | as long as short |
BloFin COW-USDT
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
Variational Omni COWShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSDlong | +0.0663% | 1h | 0.1594 | long leg | $5K | $199 | 10x |