Funding you earn now, next payment 10:00 UTC−0.0506%/8h= −55.4% APRpaid last 24h +0.068%
Price spread now: BloFin against Kraken Futures+0.015%7-day average — · you sell dearer than you buy
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: −$15 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_COWUSD | 0.1596 | 0.0663 | pay 0.0083% / 1h | 54m 36s | $5K | $212 | 10x |
| Short | BloFin COW-USDT | 0.1596 | 0.0157 | get 0.0078% / 4h | 2h 54m | $135K | $32K | 75x |
Kraken Futures PF_COWUSD
BloFin COW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$106.23
- Price spread: +0.015% → 0.000%
- $1.53
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$126.7
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 62 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 BloFin live order book, 62 min ago | 3.11 bp | 11.9 bp −$12 | 49.9 bp −$499 | 320.3 bp −$32.0K | doesn't fit |
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 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 | 0.1595 | −0.056% | $30K | $13K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1594 | −0.110% | $2.1M | $3.2M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1594 | −0.135% | $955K | $494K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1598 | +0.141% | $121K | $75K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1593 | −0.173% | $594K | $199K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1597 | +0.078% | $219K | $42K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1594 | −0.110% | $371K | $231K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1593 | −0.173% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1602 | +0.365% | $8K | $3K | — | as long as short |
| BloFin COW-USDTshort | +0.0157% | 4h | 0.1596 | +0.015% | $135K | $32K | 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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSDlong | +0.0663% | 1h | 0.1596 | long leg | $5K | $212 | 10x |