Funding you earn now, next payment 12:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against MEXC0.000%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$640.637% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now 0.000%, 7d avg +0.012%
=The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC COW_USDT | 0.1597 | 0.0100 | pay 0.0050% / 4h | 9m 10s | $559K | $192K | 20x |
| Short | BloFin COW-USDT | 0.1597 | 0.0114 | get 0.0057% / 4h | 9m 10s | $135K | $31K | 75x |
MEXC COW_USDT
BloFin COW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $2.88
- Price spread: 0.000% → +0.012%
- −$1.19
- Slippage, 4 orders
- −$47.72
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$62.03
- Costs to cover
- 0.637%
- Break-even
- 157.9 days
Slippage from MEXC: live order book, 24 min ago; BloFin: live order book, 15 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 MEXC live order book, 24 min ago | 3.12 bp | 6.7 bp −$7 | 40.8 bp −$408 | 287.8 bp −$28.8K | doesn't fit |
| Sell BloFin live order book, 15 min ago | 9.37 bp | 33.8 bp −$34 | 66.4 bp −$664 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX COW-USDT | +0.0070% | 4h | 0.1597 | 0.000% | — | $6.6M | — | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1597 | +0.001% | $30K | $8K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1597 | −0.017% | $2.1M | $2.8M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1598 | +0.038% | $970K | $456K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1599 | +0.125% | $121K | $66K | 50x | as long as short |
| MEXC COW_USDTlong | +0.0100% | 4h | 0.1597 | long leg | $559K | $192K | 20x | |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1596 | −0.063% | $215K | $36K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1598 | +0.063% | $379K | $200K | 50x | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1596 | −0.034% | $8K | $3K | — | as long as short |
| BloFin COW-USDTshort | +0.0114% | 4h | 0.1597 | 0.000% | $135K | $31K | 75x |
BingX COW-USDT
Aster COWUSDT
Binance COWUSDT
Bybit COWUSDT
Gate COW_USDT
KuCoin COWUSDTM
Bitget COWUSDT
Variational Omni COWShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.0251% | 1h | 0.1597 | −0.025% | $5K | $95 | 10x | as long as short |
Kraken Futures PF_COWUSD