# COW Funding Rates

As of 2026-10-05 00:21 UTC, COW perpetual funding averages 0.0079% per 8 hours (8.69% APR) across all 12 exchanges that list it, weighted by 24h volume (median 0.0100%). Highest: XT.COM at 0.0051% per 4h (11.09% 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 (3.42% APR) before fees.

## Funding rate by exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [XT.COM](https://arbtide.com/funding-rates/cow/xt) | [COW/USDT:USDT](https://www.xt.com/en/futures/trade/cow_usdt) | 0.0051% | 4h | 11.09% | 2026-10-05 04:00 UTC |
| [Binance](https://arbtide.com/funding-rates/cow/binance) | [COW/USDT:USDT](https://www.binance.com/en/futures/COWUSDT) | 0.0050% | 4h | 10.95% | 2026-10-05 04:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/cow/bybit) | [COW/USDT:USDT](https://www.bybit.com/trade/usdt/COWUSDT) | 0.0050% | 4h | 10.95% | 2026-10-05 04:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/cow/bitget) | [COW/USDT:USDT](https://www.bitget.com/futures/usdt/COWUSDT) | 0.0050% | 4h | 10.95% | — |
| [Gate](https://arbtide.com/funding-rates/cow/gate) | [COW/USDT:USDT](https://www.gate.com/futures/USDT/COW_USDT) | 0.0050% | 4h | 10.95% | 2026-10-05 04:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/cow/kucoin) | [COW/USDT:USDT](https://www.kucoin.com/trade/futures/COWUSDTM) | 0.0050% | 4h | 10.95% | 2026-10-05 04:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/cow/mexc) | [COW/USDT:USDT](https://www.mexc.com/futures/COW_USDT) | 0.0050% | 4h | 10.95% | 2026-10-05 04:00 UTC |
| [LBank](https://arbtide.com/funding-rates/cow/lbank) | [COW/USDT:USDT](https://www.lbank.com/futures/cowusdt) | 0.0050% | 4h | 10.95% | 2026-10-05 04:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/cow/weex) | [COW/USDT:USDT](https://www.weex.com/futures/COW-USDT) | 0.0050% | 4h | 10.95% | 2026-10-05 00:21 UTC |
| [Toobit](https://arbtide.com/funding-rates/cow/toobit) | [COW/USDT:USDT](https://www.toobit.com/en-US/futures/COW-SWAP-USDT) | 0.0050% | 4h | 10.95% | 2026-10-05 04:00 UTC |
| [Aster](https://arbtide.com/funding-rates/cow/aster) | [COW/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/COWUSDT) | 0.0050% | 4h | 10.95% | — |
| [BingX](https://arbtide.com/funding-rates/cow/bingx) | [COW/USDT:USDT](https://bingx.com/en/perpetual/COW-USDT) | 0.0035% | 4h | 7.66% | — |

## 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 0.0051% per 4h (11.09% 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 (3.42% 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.