Funding you earn now, next payment 09:00 UTC−0.1572%/8h= −172.1% APRpaid last 24h +0.066%
Price spread now: MEXC against Kraken Futures−0.148%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and MEXC is 0.148% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_COWUSD | 0.1587 | 0.1672 | pay 0.0209% / 1h | 31m 10s | $4K | $212 | 10x |
| Short | MEXC COW_USDT | 0.1585 | 0.0100 | get 0.0050% / 4h | 3h 31m | $590K | $203K | 20x |
Kraken Futures PF_COWUSD
MEXC COW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Kraken Futures. 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
- −$330.07
- Price spread: −0.148% → 0.000%
- −$14.84
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$358.92
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 59 min ago. Net counts fees only.
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 59 min ago | 3.08 bp | 7.4 bp −$7 | 37.1 bp −$371 | 261.9 bp −$26.2K | 387.4 bp −$193.7K |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.1587 | −0.008% | $30K | $13K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1586 | −0.085% | $2.1M | $3.3M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1587 | −0.054% | $950K | $522K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1586 | −0.085% | $120K | $76K | 50x | as long as short |
| MEXC COW_USDTshort | +0.0100% | 4h | 0.1585 | −0.148% | $590K | $203K | 20x | |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1587 | −0.022% | $218K | $43K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1586 | −0.085% | $370K | $237K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1587 | −0.022% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1598 | +0.654% | $8K | $3K | — | as long as short |
| BloFin COW-USDT | +0.0129% | 4h | 0.1589 | +0.104% | $136K | $31K | 75x | as long as short |
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
BingX COW-USDT
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_COWUSDlong | +0.1672% | 1h | 0.1587 | long leg | $4K | $212 | 10x |