Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: MEXC against BingX0.000%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$660.661% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now 0.000%, 7d avg −0.036%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.036% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX COW-USDT | 0.1611 | 0.0100 | pay 0.0050% / 4h | 1h 07m | — | $6.6M | — |
| Short | MEXC COW_USDT | 0.1611 | 0.0100 | get 0.0050% / 4h | 1h 07m | $575K | $191K | 20x |
BingX COW-USDT
MEXC COW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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: 0.000% → −0.036%
- $3.63
- Slippage, 4 orders
- −$52.08
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$62.45
- Costs to cover
- 0.661%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; MEXC: live order book, 28 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 BingX live order book, 15 min ago | 9.33 bp | 27.0 bp −$27 | 86.8 bp −$868 | 599.0 bp −$59.9K | 950.7 bp −$475.3K |
| Sell MEXC live order book, 28 min ago | 3.16 bp | 5.9 bp −$6 | 29.4 bp −$294 | 252.7 bp −$25.3K | 390.1 bp −$195.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster COWUSDT | +0.0100% | 4h | 0.1613 | +0.094% | $30K | $12K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1611 | −0.025% | $2.1M | $2.9M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1610 | −0.031% | $950K | $470K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1610 | −0.062% | $118K | $60K | 50x | as long as short |
| MEXC COW_USDTshort | +0.0100% | 4h | 0.1611 | 0.000% | $575K | $191K | 20x | |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1610 | −0.062% | $228K | $42K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1609 | −0.124% | $374K | $174K | 50x | as long as short |
| BingX COW-USDTlong | +0.0100% | 4h | 0.1611 | long leg | — | $6.6M | — | |
| Variational Omni COW | +0.0100% | 4h | 0.1613 | +0.127% | $6K | $592 | — | as long as short |
| BloFin COW-USDT | +0.0110% | 4h | 0.1612 | +0.062% | $134K | $31K | 75x | as long as short |
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
Variational Omni COW
BloFin COW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0943% | 1h | 0.1610 | −0.050% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD