Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: MEXC against Bybit−0.012%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1101.100% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.012%, 7d avg −0.081%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.068% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COWUSDT | 0.1603 | 0.0100 | pay 0.0050% / 4h | 1h 30m | $982K | $468K | 25x |
| Short | MEXC COW_USDT | 0.1603 | 0.0100 | get 0.0050% / 4h | 1h 30m | $576K | $205K | 20x |
Bybit COWUSDT
MEXC COW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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: −0.012% → −0.081%
- $6.82
- Slippage, 4 orders
- −$95.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$103.23
- Costs to cover
- 1.100%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 13 min ago; MEXC: live order book, 8 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 Bybit live order book, 13 min ago | 4.36 bp | 46.2 bp −$46 | 199.2 bp −$1,992 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 8 min ago | 3.11 bp | 6.0 bp −$6 | 35.5 bp −$355 | 251.0 bp −$25.1K | doesn't fit |
COW on 11 exchanges
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 | +0.0053% | 4h | 0.1600 | −0.200% | $135K | $31K | 75x | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1603 | −0.013% | $30K | $11K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1604 | +0.050% | $2.1M | $3.0M | 50x | as long as short |
| Bybit COWUSDTlong | +0.0100% | 4h | 0.1603 | long leg | $982K | $468K | 25x | |
| Gate COW_USDT | +0.0100% | 4h | 0.1603 | −0.012% | $122K | $67K | 50x | as long as short |
| MEXC COW_USDTshort | +0.0100% | 4h | 0.1603 | −0.012% | $576K | $205K | 20x | |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1603 | −0.012% | $216K | $37K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1603 | −0.012% | $378K | $206K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1604 | +0.050% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1605 | +0.083% | $8K | $3K | — | as long as short |
BloFin COW-USDT
Aster COWUSDT
Binance COWUSDT
Gate COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
BingX COW-USDT
Variational Omni COWShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0512% | 1h | 0.1603 | −0.040% | $5K | $199 | 10x | as long as short |
Kraken Futures PF_COWUSD