Funding you earn now, next payment 11:00 UTC−0.0412%/8h= −45.1% APRpaid last 24h +0.034%
Price spread now: Variational Omni against Kraken Futures+0.148%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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Variational Omni is 0.148% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.148% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_COWUSD | 0.1602 | 0.0512 | pay 0.0064% / 1h | 30m 32s | $5K | $199 | 10x |
| Short | Variational Omni COW | 0.1605 | 0.0100 | get 0.0050% / 4h | 1h 30m | $8K | $3K | — |
Kraken Futures PF_COWUSD
Variational Omni COWFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$86.51
- Price spread: +0.148% → 0.000%
- $14.79
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$81.72
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample | — | — | — | — | — |
Kraken Futures and Variational Omni: 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 | +0.0053% | 4h | 0.1600 | −0.134% | $135K | $31K | 75x | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1603 | +0.041% | $30K | $11K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1603 | +0.069% | $2.1M | $3.0M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1603 | +0.059% | $982K | $468K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1603 | +0.053% | $122K | $67K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1603 | +0.053% | $576K | $204K | 20x | as long as short |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1603 | +0.053% | $216K | $37K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1603 | +0.053% | $378K | $206K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1604 | +0.115% | — | $6.6M | — | as long as short |
| Variational Omni COWshort | +0.0100% | 4h | 0.1605 | +0.148% | $8K | $3K | — |
BloFin COW-USDT
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
BingX COW-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSDlong | +0.0512% | 1h | 0.1602 | long leg | $5K | $199 | 10x |