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COW — funding rate on Binance
Binance · COWUSDT+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
2:57:27settlement
0calmheat
Price (mark)
0.107347
+1.1% 24h
Vol 24h
$2.5M
Open interest
—
Price move in 2 min
—
avg 7d
-0.005%/h
avg 30d
-0.004%/h
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.13 · $0.03/hour
- Net snipe per settlement
- $-3.88 = 0.005% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.03×needs 0.160%+ per settlement
- Liquidation price
- 0.128279 (+19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Settlement window · facts (11)
before cut-off · 5m · the snipe window (11)
avg+0.36% | -0.34%
max-0.64%
after · 5m
avg+0.44% | -0.55%
max-1.02%
before cut-off · 15m
avg+0.67% | -0.82%
max-2.10%
after · 15m
avg+0.75% | -1.35%
max-3.05%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 01.11 00:00 | -0.181% | -0.16% | +0.25% |
| 31.10 20:00 | -0.657% | -0.78% | -1.02% |
| 31.10 16:00 | -0.525% | -0.74% | +0.75% |
| 16.08 16:00 | -0.238% | -0.40% | +0.16% |
| 16.08 12:00 | -0.454% | +0.16% | +0.49% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 11 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 545 settlements
COW on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bybit | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | -0.001% / 4h | -0.000%/h | longs | -0.159% |
Binance← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bybit+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget-0.000%/h
longsrate -0.001% / 4hsnipe -0.159%
Max spread across exchanges: +0.001%/h
COW across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Binanceevery 4hBybitevery 4hBitgetevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0040%/h
widest spread
0.0176%/h
02.11 13:00 UTC · Bitget ↔ Bybit
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter short before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a short here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.