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: Bitget against MEXC+0.044%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days+0.007%+$1 · spread now +0.044%, 7d avg −0.027%

Together, before fees−0.004%$0 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: Bitget is 0.072% dearer against MEXC 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	MEXC COMP_USDT	22.480	0.0100	pay 0.0100% / 8h	1h 01m	$2.7M	$845K	20x
Short	Bitget COMPUSDT	22.490	0.0100	get 0.0100% / 8h	1h 01m	$1.9M	$670K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.027%: $7.15
Slippage, 4 orders: −$47.64
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.48
Costs to cover: 0.636%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; Bitget: live order book, 10 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 MEXC live order book, 10 min ago	4.45 bp	9.9 bp −$10	19.7 bp −$197	166.1 bp −$16.6K	doesn't fit
Sell Bitget live order book, 10 min ago	2.23 bp	23.5 bp −$24	58.5 bp −$585	doesn't fit	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	−0.0858%	1h	22.526	+0.206%	$237K	$62K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0638%	1h	22.490	+0.044%	$328	$327	50x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	−0.623%	$2K	$13K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.527	+0.208%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.520	+0.178%	$18K	$53K	25x	as long as short
BloFin COMP-USDT	+0.0094%	8h	22.510	+0.133%	$236K	$150K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.512	+0.142%	$845K	$493K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.487	+0.030%	$4.2M	$7.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.490	+0.044%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.500	+0.089%	$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_USDT	+0.0100%	8h	22.480	0.000%	$220K	$78K	25x	as long as short
MEXC COMP_USDTlong	+0.0100%	8h	22.480	long leg	$2.7M	$845K	20x
KuCoin COMPUSDTM	+0.0100%	8h	22.510	+0.133%	$455K	$94K	30x	as long as short
Bitget COMPUSDTshort	+0.0100%	8h	22.490	+0.044%	$1.9M	$670K	75x
BingX COMP-USDT	+0.0100%	8h	22.500	+0.089%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.487	+0.031%	$15K	$37K	—	as long as short