Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Gate+0.090%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1881.880% of the position

Long on Gate 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 4 days (all we have)−0.163%−$16 · spread now +0.090%, 7d avg −0.011%

Together, before fees−0.177%−$18 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 0.100% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COMP_USDT	22.320	0.0100	pay 0.0100% / 8h	1h 57m	$218K	$78K	25x
Short	MEXC COMP_USDT	22.340	0.0100	get 0.0100% / 8h	1h 57m	$2.7M	$832K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → −0.011%: $10.04
Slippage, 4 orders: −$169.04
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$178
Costs to cover: 1.880%
Break-even: never at this rate

Slippage from Gate: live order book, 19 min ago; MEXC: live order book, 5 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 Gate live order book, 19 min ago	11.16 bp	67.8 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.24 bp	8.3 bp −$8	19.3 bp −$193	166.6 bp −$16.7K	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
Kraken Futures PF_COMPUSD	−0.0863%	1h	22.412	+0.414%	$236K	$83K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0643%	1h	22.370	+0.224%	$327	$327	50x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	+0.090%	$2K	$13K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.330	+0.045%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.530	+0.941%	$18K	$53K	25x	as long as short
BloFin COMP-USDT	+0.0080%	8h	22.340	+0.090%	$238K	$148K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.383	+0.281%	$838K	$519K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.354	+0.154%	$4.2M	$7.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.340	+0.090%	$3.8M	$2.1M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.360	+0.179%	$1.6M	$2.2M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate COMP_USDTlong	+0.0100%	8h	22.320	long leg	$218K	$78K	25x
MEXC COMP_USDTshort	+0.0100%	8h	22.340	+0.090%	$2.7M	$832K	20x
KuCoin COMPUSDTM	+0.0100%	8h	22.330	+0.045%	$451K	$102K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.340	+0.090%	$1.9M	$712K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.330	+0.045%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.299	−0.093%	$15K	$37K	—	as long as short