Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against MEXC+0.164%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.164% dearer against MEXC than usual: you sell high and buy low (spread +0.164% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC COMP_USDT	22.450	0.0100	pay 0.0100% / 8h	1h 12m	$2.7M	$845K	20x
Short	dYdX COMP-USD	22.487	0	get 0.0000% / 1h	12m 35s	$68K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.164%Rate

Funding earned: −$21
Price spread: +0.164% → 0.000%: $16.42
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$18.58
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: MEXC: live order book, 4 min ago; dYdX: no order-book sample. 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 MEXC live order book, 4 min ago	2.23 bp	8.0 bp −$8	17.6 bp −$176	165.4 bp −$16.5K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	22.491	+0.184%	$237K	$62K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0640%	1h	22.450	0.000%	$328	$327	50x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	−0.490%	$2K	$13K	12x	as long as short
dYdX COMP-USDshort	0.0000%	1h	22.487	+0.164%	$68K	—	5x
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.520	+0.312%	$18K	$53K	25x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.479	+0.129%	$844K	$493K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.455	+0.022%	$4.2M	$7.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.460	+0.045%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.460	+0.045%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.440	−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_USDTlong	+0.0100%	8h	22.450	long leg	$2.7M	$845K	20x
KuCoin COMPUSDTM	+0.0100%	8h	22.480	+0.134%	$454K	$94K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.460	+0.045%	$1.9M	$672K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.470	+0.089%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.432	−0.079%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0114%	8h	22.470	+0.089%	$236K	$149K	20x	as long as short