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: Bybit against MEXC−0.040%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$840.837% of the position

Long on MEXC Short on Bybit

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+0.074%+$7 · spread now −0.040%, 7d avg +0.027%

Together, before fees+0.088%+$9 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: Bybit is 0.067% cheaper against MEXC than usual: you would sell low and buy high, −$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	22.320	0.0100	pay 0.0100% / 8h	3h 01m	$2.9M	$833K	20x
Short	Bybit COMPUSDT	22.311	0.0100	get 0.0100% / 8h	3h 01m	$3.8M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.027%: −$6.7
Slippage, 4 orders: −$68.73
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$90.43
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	2.24 bp	7.7 bp −$8	18.6 bp −$186	163.1 bp −$16.3K	doesn't fit
Sell Bybit live order book, 1 min ago	2.24 bp	33.0 bp −$33	79.9 bp −$799	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
Injective COMP/USDC PERP	−0.0471%	1h	22.170	−0.672%	$4K	$12K	12x	as long as short
Kraken Futures PF_COMPUSD	−0.0411%	1h	22.353	+0.146%	$235K	$86K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0198%	1h	22.310	−0.045%	$228	$229	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.340	+0.091%	$68K	—	5x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.322	+0.009%	$843K	$539K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.314	−0.027%	$4.2M	$8.3M	75x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.311	−0.040%	$3.8M	$2.2M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.310	−0.045%	$1.6M	$2.4M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.310	−0.045%	$219K	$91K	25x	as long as short
MEXC COMP_USDTlong	+0.0100%	8h	22.320	long leg	$2.9M	$833K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.330	+0.045%	$452K	$112K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.310	−0.045%	$1.9M	$762K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.330	+0.045%	—	$36.3M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.341	+0.092%	$15K	$39K	—	as long as short
BloFin COMP-USDT	+0.0110%	8h	22.340	+0.090%	$240K	$159K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0176%	1h	22.420	+0.448%	$18K	$52K	25x	as long as short