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: KuCoin against MEXC−0.188%7-day average +0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$460as in the Funding arb table
Net, price: spread back to 7d avg − costs−$490as 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)+0.188%+$19 · spread now −0.188%, 7d avg +0.109%
Together, before fees+0.188%+$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: KuCoin is 0.298% cheaper against MEXC than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.109%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC COW_USDT0.15920.0100pay 0.0050% / 4h3h 25m$593K$203K20x
ShortKuCoin COWUSDTM0.15890.0100get 0.0050% / 4h3h 25m$218K$43K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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: −0.188% → +0.109%
−$29.78
Slippage, 4 orders
−$444.43
Fee MEXC: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$490.21
Costs to cover
4.604%
Break-even
never at this rate
Slippage from MEXC: live order book, 65 min ago; KuCoin: live order book, 66 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 MEXC live order book, 65 min ago3.08 bp6.0 bp −$639.4 bp −$394292.0 bp −$29.2K391.4 bp −$195.7K
Sell KuCoin live order book, 66 min ago18.52 bp156.2 bp −$156doesn't fitdoesn't fitdoesn't fit

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%4h0.1585−0.440%$137K$31K75xas long as short
Aster COWUSDT+0.0100%4h0.1590−0.145%$30K$13K5xas long as short
Binance COWUSDT+0.0100%4h0.15920.000%$2.1M$3.3M50xas long as short
Bybit COWUSDT+0.0100%4h0.1591−0.038%$954K$522K25xas long as short
Gate COW_USDT+0.0100%4h0.1588−0.251%$121K$76K50xas long as short
MEXC COW_USDTlong+0.0100%4h0.1592long leg$593K$203K20x
KuCoin COWUSDTMshort+0.0100%4h0.1589−0.188%$218K$43K20x
Bitget COWUSDT+0.0100%4h0.1589−0.188%$371K$236K50xas long as short
BingX COW-USDT+0.0100%4h0.1590−0.126%$6.6Mas long as short
Variational Omni COW+0.0100%4h0.1591−0.079%$8K$3Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_COWUSD+0.1669%1h0.1590−0.150%$5K$21210xas long as short