Funding you earn now, next payment 08:00 UTC−0.0586%/8h= −64.2% APRpaid last 24h +0.072%
Price spread now: Gate against Kraken Futures−0.013%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$18 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 | 0.1616 | 0.0686 | pay 0.0086% / 1h | 23m 34s | $5K | $212 | 10x |
| Short | Gate COW_USDT | 0.1616 | 0.0100 | get 0.0050% / 4h | 23m 34s | $130K | $73K | 50x |
Kraken Futures PF_COWUSD
Gate COW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$123.08
- Price spread: −0.013% → 0.000%
- −$1.31
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$149.39
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 7 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 Gate live order book, 7 min ago | 9.25 bp | 40.9 bp −$41 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COW-USDT | +0.0074% | 4h | 0.1616 | −0.013% | $139K | $32K | 75x | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1615 | −0.049% | $30K | $12K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1615 | −0.049% | $2.2M | $3.1M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1615 | −0.075% | $957K | $493K | 25x | as long as short |
| Gate COW_USDTshort | +0.0100% | 4h | 0.1616 | −0.013% | $130K | $73K | 50x | |
| MEXC COW_USDT | +0.0100% | 4h | 0.1614 | −0.137% | $589K | $198K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1616 | −0.013% | $222K | $43K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1614 | −0.137% | $394K | $202K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1615 | −0.075% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1614 | −0.124% | $6K | $592 | — | as long as short |
BloFin COW-USDT
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
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 | +0.0686% | 1h | 0.1616 | long leg | $5K | $212 | 10x |