Funding you earn now, next payment 09:00 UTC+0.1572%/8h= +172.1% APRpaid last 24h −0.066%
Price spread now: Kraken Futures against MEXC+0.149%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$47 a day on $10k at the current rate, and Kraken Futures is 0.149% dearer against MEXC than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC COW_USDT | 0.1585 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $590K | $203K | 20x |
| Short | Kraken Futures PF_COWUSD | 0.1587 | 0.1672 | get 0.0209% / 1h | 31m 10s | $4K | $212 | 10x |
MEXC COW_USDT
Kraken Futures PF_COWUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $330.07
- Price spread: +0.149% → 0.000%
- $14.87
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $330.94
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 59 min ago; Kraken Futures: no order-book sample. 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 MEXC live order book, 59 min ago | 3.08 bp | 6.0 bp −$6 | 39.4 bp −$394 | 292.0 bp −$29.2K | 391.4 bp −$195.7K |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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 | +0.140% | $30K | $13K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1586 | +0.063% | $2.1M | $3.3M | 50x | as long as short |
| Bybit COWUSDT | +0.0100% | 4h | 0.1587 | +0.095% | $950K | $522K | 25x | as long as short |
| Gate COW_USDT | +0.0100% | 4h | 0.1586 | +0.063% | $120K | $76K | 50x | as long as short |
| MEXC COW_USDTlong | +0.0100% | 4h | 0.1585 | long leg | $590K | $203K | 20x | |
| KuCoin COWUSDTM | +0.0100% | 4h | 0.1587 | +0.126% | $218K | $43K | 20x | as long as short |
| Bitget COWUSDT | +0.0100% | 4h | 0.1586 | +0.063% | $370K | $237K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1587 | +0.126% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1598 | +0.804% | $8K | $3K | — | as long as short |
| BloFin COW-USDT | +0.0129% | 4h | 0.1589 | +0.252% | $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_COWUSDshort | +0.1672% | 1h | 0.1587 | +0.149% | $4K | $212 | 10x |