Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0740%/8h= +81.0% APRpaid last 24h +0.178%

Price spread now: MEXC against Deribit−0.045%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. MEXC is 0.045% cheaper against Deribit than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit COMP_USDC-PERPETUAL	22.450	−0.0640	get 0.0080% / 1h	17m 18s	$328	$327	50x
Short	MEXC COMP_USDT	22.440	0.0100	get 0.0100% / 8h	1h 17m	$2.7M	$844K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.045%Rate

Funding earned: $155.42
Price spread: −0.045% → 0.000%: −$4.45
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: $139.96
Costs to cover: 0.110%
Break-even: 0.7 days

Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 5 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	2.22 bp	7.3 bp −$7	17.3 bp −$173	164.7 bp −$16.5K	doesn't fit

Deribit: 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.

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
Kraken Futures PF_COMPUSD	−0.0860%	1h	22.484	+0.149%	$237K	$62K	20x	as long as short
Deribit COMP_USDC-PERPETUALlong	−0.0640%	1h	22.450	long leg	$328	$327	50x
Injective COMP/USDC PERP	−0.0449%	1h	22.340	−0.490%	$2K	$13K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.487	+0.166%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.520	+0.312%	$18K	$53K	25x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.462	+0.053%	$843K	$493K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.440	−0.045%	$4.2M	$7.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.441	−0.040%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.450	0.000%	$1.6M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.460	+0.045%	$220K	$78K	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	22.440	−0.045%	$2.7M	$844K	20x
KuCoin COMPUSDTM	+0.0100%	8h	22.480	+0.134%	$454K	$94K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.450	0.000%	$1.9M	$673K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.460	+0.045%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.467	+0.077%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0119%	8h	22.440	−0.045%	$236K	$148K	20x	as long as short