Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.088%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$620.623% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.088%, 7d avg −0.011%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.077% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance COWUSDT | 0.1615 | 0.0100 | pay 0.0050% / 4h | 23m 27s | $2.2M | $3.1M | 50x |
| Short | MEXC COW_USDT | 0.1614 | 0.0100 | get 0.0050% / 4h | 23m 27s | $589K | $198K | 20x |
Binance COWUSDT
MEXC COW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.088% → −0.011%
- −$7.66
- Slippage, 4 orders
- −$48.25
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$69.91
- Costs to cover
- 0.623%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; MEXC: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 12 min ago | 3.09 bp | 25.3 bp −$25 | 127.1 bp −$1,271 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 6 min ago | 3.08 bp | 7.4 bp −$7 | 37.1 bp −$371 | 261.9 bp −$26.2K | 387.4 bp −$193.7K |
COW on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin COW-USDT | +0.0074% | 4h | 0.1616 | +0.036% | $139K | $32K | 75x | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1615 | +0.001% | $30K | $12K | 5x | as long as short |
| Binance COWUSDTlong | +0.0100% | 4h | 0.1615 | long leg | $2.2M | $3.1M | 50x | |
| Bybit COWUSDT | +0.0100% | 4h | 0.1615 | −0.026% | $957K | $493K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1616 | +0.036% | $130K | $73K | 50x | as long as short |
| MEXC COW_USDTshort | +0.0100% | 4h | 0.1614 | −0.088% | $589K | $198K | 20x | |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1616 | +0.036% | $222K | $43K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1615 | −0.026% | $394K | $202K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1615 | −0.026% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1614 | −0.075% | $6K | $592 | — | as long as short |
BloFin COW-USDT
Aster COWUSDT
Bybit COWUSDT
Gate COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
BingX COW-USDT
Variational Omni COWShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0686% | 1h | 0.1616 | +0.049% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD