Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.044%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$830.831% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.044%, 7d avg −0.027%

Together, before fees−0.127%−$13 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 0.071% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COMPUSDT	22.580	0.0100	pay 0.0100% / 8h	6h 54m	$3.8M	$1.9M	75x
Short	MEXC COMP_USDT	22.590	0.0100	get 0.0100% / 8h	6h 54m	$2.6M	$814K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee MEXCbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.027%: $7.11
Slippage, 4 orders: −$68.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$76
Costs to cover: 0.831%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 7 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 Bybit live order book, 3 min ago	4.41 bp	32.0 bp −$32	83.5 bp −$835	doesn't fit	doesn't fit
Sell MEXC live order book, 7 min ago	2.20 bp	8.0 bp −$8	16.9 bp −$169	150.5 bp −$15.0K	doesn't fit

COMP on 16 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
Deribit COMP_USDC-PERPETUAL	−0.0635%	1h	22.580	0.000%	$330	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0625%	1h	22.612	+0.144%	$227K	$90K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.620	+0.177%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.063%	$2K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0070%	8h	22.550	−0.133%	$238K	$158K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.591	+0.049%	$864K	$418K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.554	−0.117%	$4.2M	$6.8M	75x	as long as short
Bybit COMPUSDTlong	+0.0100%	8h	22.580	long leg	$3.8M	$1.9M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.560	−0.089%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.610	+0.133%	$220K	$53K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC COMP_USDTshort	+0.0100%	8h	22.590	+0.044%	$2.6M	$814K	20x
KuCoin COMPUSDTM	+0.0100%	8h	22.580	0.000%	$454K	$92K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.560	−0.089%	$1.9M	$620K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.580	0.000%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.591	+0.051%	$15K	$31K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+1.550%	$18K	$46K	25x	as long as short