COW arbitrage between Bybit and HTX: we compare the price of COW on Bybit (futures) and HTX (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Cow

CrashiusClay69 created a meme, and this project is the tokenization of that meme. I'm the COW of meme coins. Certified Objective Winner. Cows are incredible because they give us 2 of the best foods on the planet: milk and steak. Which means I love Cows. This means I like myself since I’m a cow 🐄 The cash cow of crypto. A meme born from Crash, developed by the community. This project is run by a community team.

Meme, Base Ecosystem, Base Meme

COW: HTX — deposit open, withdrawal open.

Open interest in COW right now — $12.8M: BingX $4.1M, Binance $4.0M, Bybit $3.0M, KuCoin $965.7K, Bitget $756.3K. See OI COW.

About COW arbitrage

How do I read the COW spread?

The spread is how many percent higher COW trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Bybit and HTX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get COW alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.