Funding you earn now, next payment 12:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against KuCoin+0.188%7-day average −0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$490as in the Funding arb table
Net, price: spread back to 7d avg − costs−$461as in the Price arb table
costs, in and out, $10k−$4904.898% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)−0.326%−$33 · spread now +0.188%, 7d avg −0.098%
=The price spread pays, funding is against you. BloFin is 0.287% dearer against KuCoin than usual: you sell high and buy low (spread +0.188% now, against its 7-day average of −0.098%): +$29 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.005% in total) that is about 14 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COWUSDTM | 0.1592 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $218K | $43K | 20x |
| Short | BloFin COW-USDT | 0.1595 | 0.0048 | get 0.0024% / 4h | 3h 32m | $137K | $32K | 75x |
KuCoin COWUSDTM
BloFin COW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- −$10.98
- Price spread: +0.188% → −0.098%
- $28.66
- Slippage, 4 orders
- −$465.82
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$472.13
- Costs to cover
- 4.898%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 59 min ago; BloFin: live order book, 24 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 KuCoin live order book, 59 min ago | 18.52 bp | 290.9 bp −$291 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 24 min ago | 3.11 bp | 11.9 bp −$12 | 49.9 bp −$499 | 320.3 bp −$32.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COW-USDTshort | +0.0048% | 4h | 0.1595 | +0.188% | $137K | $32K | 75x | |
| Aster COWUSDT | +0.0100% | 4h | 0.1590 | −0.104% | $30K | $13K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1589 | −0.162% | $2.1M | $3.3M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1590 | −0.151% | $951K | $520K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1593 | +0.063% | $127K | $73K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1591 | −0.063% | $591K | $200K | 20x | as long as short |
| KuCoin COWUSDTMlong | +0.0100% | 4h | 0.1592 | long leg | $218K | $43K | 20x | |
| Bitget COWUSDT | +0.0100% | 4h | 0.1589 | −0.188% | $371K | $237K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1591 | −0.063% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1598 | +0.360% | $8K | $3K | — | as long as short |
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
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_COWUSD | +0.1666% | 1h | 0.1593 | +0.046% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD