Funding you earn now, next payment 08:00 UTC+0.0585%/8h= +64.1% APRpaid last 24h −0.072%
Price spread now: Kraken Futures against KuCoin−0.068%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
Funding pays, the price is against you. Kraken Futures is 0.068% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 9 hours of funding at the current rate (+$18 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COWUSDTM | 0.1620 | 0.0100 | pay 0.0050% / 4h | 16m 26s | $222K | $43K | 20x |
| Short | Kraken Futures PF_COWUSD | 0.1619 | 0.0685 | get 0.0086% / 1h | 16m 26s | $5K | $212 | 10x |
KuCoin COWUSDTM
Kraken Futures PF_COWUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $122.84
- Price spread: −0.068% → 0.000%
- −$6.83
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $94.01
- Costs to cover
- 0.220%
- Break-even
- 1.6 days
Slippage unknown: KuCoin: live order book, 15 min ago; Kraken Futures: 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 KuCoin live order book, 15 min ago | 18.52 bp | 290.9 bp −$291 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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 | 0.1620 | +0.006% | $30K | $12K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1620 | +0.006% | $2.2M | $3.1M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1620 | +0.006% | $961K | $497K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1621 | +0.062% | $131K | $73K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1620 | 0.000% | $591K | $198K | 20x | as long as short |
| KuCoin COWUSDTMlong | +0.0100% | 4h | 0.1620 | long leg | $222K | $43K | 20x | |
| Bitget COWUSDT | +0.0100% | 4h | 0.1620 | 0.000% | $398K | $208K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1620 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1617 | −0.163% | $6K | $592 | — | as long as short |
| BloFin COW-USDT | +0.0160% | 4h | 0.1620 | 0.000% | $140K | $32K | 75x | as long as short |
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
MEXC COW_USDT
Bitget COWUSDT
BingX COW-USDT
Variational Omni COW
BloFin COW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSDshort | +0.0685% | 1h | 0.1619 | −0.068% | $5K | $212 | 10x |