TradePortfolio

CoW Protocol (COW) Funding Rate History

CoW Protocol (COW) perpetual futures funding ranges from -1.90 bps on BYBIT to 1.00 bps on BINGX across 10 reporting venues, a spread of 2.90 bps. The most extreme rate (-20.80% APY annualized) is on BYBIT. Currently funding signs are mixed: 8 positive, 2 negative.

A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on COW price.

COW Per-Exchange Funding Rates

ExchangeCurrent Funding (bps)Funding APY7-Day Avg Funding (bps)24h Volume
BYBIT-1.90 bps-20.80% APY-2.20 bps$252.21K
BINGX1.00 bps10.95% APY0.90 bps$6.93M
BINANCE1.00 bps10.95% APY0.60 bps$1.30M
BITGET1.00 bps10.95% APY0.60 bps$530.62K
MEXC1.00 bps10.95% APY0.60 bps$162.04K
PHEMEX1.00 bps10.95% APY1.00 bps$107.14K
GATEIO1.00 bps10.95% APY1.00 bps$30.45K
KUCOIN1.00 bps10.95% APY-0.50 bps$29.31K
VARIATIONAL1.00 bps10.95% APY0.80 bps$409.11
ASTER-0.70 bps-7.66% APY-7.40 bps$18.48K

Last updated 2026-07-16T08:24:35Z (UTC).

Loading COW funding history...