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 KuCoin−0.132%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$462as in the Funding arb table

Net, price: spread back to 7d avg − costs−$468as in the Price arb table

costs, in and out, $10k−$4604.604% of the position

Long on KuCoin 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)+0.142%+$14 · spread now −0.132%, 7d avg −0.058%

Together, before fees+0.128%+$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 0.075% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.650	0.0100	pay 0.0100% / 8h	6h 49m	$455K	$92K	30x
Short	MEXC COMP_USDT	22.620	0.0100	get 0.0100% / 8h	6h 49m	$2.6M	$815K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.058%: −$7.48
Slippage, 4 orders: −$444.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$467.92
Costs to cover: 4.604%
Break-even: never at this rate

Slippage from KuCoin: live order book, 62 min ago; MEXC: live order book, 2 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 KuCoin live order book, 62 min ago	8.85 bp	233.4 bp −$233	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	4.43 bp	8.8 bp −$9	19.0 bp −$190	161.0 bp −$16.1K	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	−0.0624%	1h	22.662	+0.055%	$227K	$90K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0192%	1h	22.630	−0.088%	$330	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.616	−0.148%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.369%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.655	+0.022%	$867K	$418K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.631	−0.082%	$4.3M	$6.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.630	−0.088%	$3.8M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.630	−0.088%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.600	−0.221%	$220K	$53K	25x	as long as short
MEXC COMP_USDTshort	+0.0100%	8h	22.620	−0.132%	$2.6M	$815K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTMlong	+0.0100%	8h	22.650	long leg	$455K	$92K	30x
Bitget COMPUSDT	+0.0100%	8h	22.640	−0.044%	$1.9M	$615K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.620	−0.132%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.596	−0.236%	$15K	$31K	—	as long as short
BloFin COMP-USDT	+0.0114%	8h	22.590	−0.265%	$240K	$158K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+1.236%	$18K	$46K	25x	as long as short