COW Funding Rates: Live Across 12 Exchanges

As of 2026-10-03 00:29 UTC, COW perpetual funding averages 0.0085% per 8 hours (9.31% APR) across all 12 exchanges that list it, weighted by 24h volume (median 0.0100%). Highest: XT.COM at 0.0050% per 4h (11.01% APR). Lowest: BingX at 0.0035% per 4h (7.66% APR). Going long on BingX and short on XT.COM collects a gross spread of 0.0031% per 8 hours (3.34% APR) before fees.

Long COW on BingX and short on XT.COM for a funding gap of 0.0031% per 8 hours. Trading fees, slippage and the price basis between venues reduce the net return; the funding table shows it after fees for your size. See how this gap moved. Learn how funding rate arbitrage works and what a funding rate is.

Frequently asked questions

Is the COW funding rate positive right now?

Yes. COW funding is positive on 12 of the 12 exchanges, which means longs are paying shorts on those venues.

Which exchange has the highest COW funding rate?

XT.COM at 0.0050% per 4h (11.01% APR). The lowest is BingX at 0.0035% per 4h (7.66% APR).

What is the COW funding arbitrage spread?

The gross spread is 0.0031% per 8 hours (3.34% APR): long COW on BingX and short on XT.COM. Trading fees, slippage and price basis reduce the net return.

How often is COW funding paid?

COW funding is paid every 4 hours on XT.COM, Binance, Bybit, Bitget, Gate, KuCoin, MEXC, LBank, WEEX, Toobit, Aster, and BingX. Rates on this page are also shown as APR so they can be compared directly.