Settings8H · net · $10k
Funding arb · Price arb /

COW

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against KuCoin+0.189%7-day average −0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$460as in the Funding arb table
Net, price: spread back to 7d avg − costs−$431as in the Price arb table
costs, in and out, $10k−$4604.604% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.189%−$19 · spread now +0.189%, 7d avg −0.109%
Together, before fees−0.189%−$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.298% dearer against KuCoin than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.109%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin COWUSDTM0.15890.0100pay 0.0050% / 4h3h 25m$218K$43K20x
ShortMEXC COW_USDT0.15920.0100get 0.0050% / 4h3h 25m$593K$203K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.189% → −0.109%
$29.82
Slippage, 4 orders
−$444.43
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$430.61
Costs to cover
4.604%
Break-even
never at this rate
Slippage from KuCoin: live order book, 66 min ago; MEXC: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 66 min ago18.52 bp290.9 bp −$291doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 65 min ago3.08 bp7.4 bp −$737.1 bp −$371261.9 bp −$26.2K387.4 bp −$193.7K

COW on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin COW-USDT+0.0086%4h0.1585−0.252%$137K$31K75xas long as short
Aster COWUSDT+0.0100%4h0.1590+0.044%$30K$13K5xas long as short
Binance COWUSDT+0.0100%4h0.1592+0.189%$2.1M$3.3M50xas long as short
Bybit COWUSDT+0.0100%4h0.1591+0.151%$954K$522K25xas long as short
Gate COW_USDT+0.0100%4h0.1588−0.063%$121K$76K50xas long as short
MEXC COW_USDTshort+0.0100%4h0.1592+0.189%$593K$203K20x
KuCoin COWUSDTMlong+0.0100%4h0.1589long leg$218K$43K20x
Bitget COWUSDT+0.0100%4h0.15890.000%$371K$236K50xas long as short
BingX COW-USDT+0.0100%4h0.1590+0.063%$6.6Mas long as short
Variational Omni COW+0.0100%4h0.1591+0.109%$8K$3Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_COWUSD+0.1669%1h0.1590+0.039%$5K$21210xas long as short