Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.15 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BloFin+0.124%7-day average −0.012% · 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−$49as in the Price arb table
costs, in and out, $10k−$620.624% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.124%, 7d avg −0.012%
=The price spread pays, funding is against you. MEXC is 0.136% dearer against BloFin than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of −0.012%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin COW-USDT | 0.1616 | 0.0131 | pay 0.0065% / 4h | 22m 30s | $139K | $32K | 75x |
| Short | MEXC COW_USDT | 0.1618 | 0.0100 | get 0.0050% / 4h | 22m 30s | $590K | $198K | 20x |
BloFin COW-USDT
MEXC COW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$6.47
- Price spread: +0.124% → −0.012%
- $13.62
- Slippage, 4 orders
- −$46.44
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$55.29
- Costs to cover
- 0.624%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 39 min ago; MEXC: live order book, 7 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 BloFin live order book, 39 min ago | 3.10 bp | 27.2 bp −$27 | 61.1 bp −$611 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster COWUSDT | +0.0100% | 4h | 0.1617 | +0.050% | $30K | $12K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1617 | +0.062% | $2.2M | $3.1M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1617 | +0.074% | $959K | $493K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1618 | +0.124% | $130K | $73K | 50x | as long as short |
| MEXC COW_USDTshort | +0.0100% | 4h | 0.1618 | +0.124% | $590K | $198K | 20x | |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1619 | +0.186% | $222K | $43K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1617 | +0.062% | $394K | $202K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1616 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1614 | −0.111% | $6K | $592 | — | as long as short |
| BloFin COW-USDTlong | +0.0131% | 4h | 0.1616 | long leg | $139K | $32K | 75x |
Aster COWUSDT
Binance 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 | 0.1617 | +0.085% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD