COW funding rates and arbitrage
Updated 2026-10-30 05:07 UTC
Best COW arbitrage after every cost
No COW pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
COW funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| BloFin | COW-USDT | 0.0058% | 4 h | +12.6% | +10.1% | $79.8K | 2026-10-30 08:00 |
| MEXC | COW_USDT | 0.0050% | 4 h | +10.9% | +10.0% | $238.4K | 2026-10-30 08:00 |
| LBank | COWUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-30 08:00 |
| WOO X | PERP_COW_USDT | 0.0050% | 4 h | +10.9% | +10.0% | $1 | 2026-10-30 08:00 |
| Bitget | COWUSDT | 0.0050% | 4 h | +10.9% | +3.9% | $215.6K | 2026-10-30 08:00 |
| Variational | COW-PERP | 0.0050% | 4 h | +10.9% | — | $7.6K | 2026-10-30 08:00 |
| Bybit | COWUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $527.5K | 2026-10-30 08:00 |
| KuCoin | COWUSDTM | 0.0050% | 4 h | +10.9% | +2.6% | $95.5K | 2026-10-30 08:00 |
| Bitunix | COWUSDT | 0.0050% | 4 h | +10.9% | +9.9% | — | 2026-10-30 08:00 |
| Binance | COWUSDT | 0.0050% | 4 h | +10.9% | +10.1% | $1.2M | 2026-10-30 08:00 |
| Aster | COWUSDT | 0.0050% | 4 h | +10.9% | −19.5% | $20.2K | 2026-10-30 08:00 |
| Gate | COW_USDT | 0.0050% | 4 h | +10.9% | −8.0% | $39.5K | 2026-10-30 08:00 |
| BingX | COW-USDT | 0.0035% | 4 h | +7.7% | +1.2% | $520.2K | 2026-10-30 08:00 |
Borrow COW to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.75% | — |
| Gate | 6.70% | $30K |
| Binance | 62.54% | — |
Cost to enter $10,000 of COW
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | COW_USDT | 6.6 bp | top of book only |
| BingX | COW-USDT | 9.6 bp | top of book only |
| Binance | COWUSDT | 9.6 bp | top of book only |
| BloFin | COW-USDT | 10.6 bp | top of book only |
| Gate | COW_USDT | 12.1 bp | top of book only |
| Bybit | COWUSDT | 13.7 bp | top of book only |
| Variational | COW-PERP | 18.2 bp | top of book only |
| Binance | COWUSDT (spot) | 19.1 bp | top of book only |
| Bitget | COWUSDT | 19.7 bp | top of book only |
| Aster | COWUSDT | 22.2 bp | top of book only |
| Bitget | COWUSDT (spot) | 23.6 bp | top of book only |
| KuCoin | COWUSDTM | 28.8 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on COW
Questions
Is COW funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no COW pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest COW funding rate?
BloFin at +12.6% a year (0.0058% every 4 h); the lowest is BingX at +7.7%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.