Settings8H · net · $10k
Funding arb · Price arb /

COW

all COW markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against Variational Omni+0.110%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.110% dearer against Variational Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni COW0.15900.0100pay 0.0050% / 4h2h 21m$8K$3K
ShortAster COWUSDT0.15920.0100get 0.0050% / 4h2h 21m$30K$13K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.110% → 0.000%
$10.98
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
$2.98
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell Aster no order-book sample
Variational Omni and Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster COWUSDTshort+0.0100%4h0.1592+0.110%$30K$13K5x
Binance COWUSDT+0.0100%4h0.1593+0.133%$2.1M$3.2M50xas long as short
Bybit COWUSDT+0.0100%4h0.1593+0.175%$971K$497K25xas long as short
Gate COW_USDT+0.0100%4h0.1590−0.027%$121K$76K50xas long as short
MEXC COW_USDT+0.0100%4h0.1591+0.036%$562K$205K20xas long as short
KuCoin COWUSDTM+0.0100%4h0.1591+0.036%$217K$42K20xas long as short
Bitget COWUSDT+0.0100%4h0.1591+0.036%$372K$231K50xas long as short
BingX COW-USDT+0.0100%4h0.1591+0.036%$6.6Mas long as short
Variational Omni COWlong+0.0100%4h0.1590long leg$8K$3K
BloFin COW-USDT+0.0102%4h0.1590−0.027%$134K$31K75xas long as short
Show all 11 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_COWUSD+0.0664%1h0.1592+0.102%$5K$19910xas long as short