Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0722%/8h= +79.0% APRpaid last 24h +0.183%

Price spread now: MEXC against Deribit−0.044%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.044% cheaper against Deribit than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit COMP_USDC-PERPETUAL	22.920	−0.0622	get 0.0078% / 1h	22m 17s	$335	$327	50x
Short	MEXC COMP_USDT	22.910	0.0100	get 0.0100% / 8h	4h 22m	$2.5M	$828K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.044%Rate

Funding earned: $151.59
Price spread: −0.044% → 0.000%: −$4.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: $136.22
Costs to cover: 0.110%
Break-even: 0.7 days

Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 5 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	4.38 bp	10.3 bp −$10	20.9 bp −$209	182.2 bp −$18.2K	doesn't fit

Deribit: 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
Deribit COMP_USDC-PERPETUALlong	−0.0622%	1h	22.920	long leg	$335	$327	50x
Kraken Futures PF_COMPUSD	−0.0183%	1h	22.955	+0.151%	$227K	$93K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.916	−0.019%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0022%	1h	22.890	−0.131%	$1K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0072%	8h	22.940	+0.087%	$243K	$166K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.937	+0.074%	$879K	$350K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.919	−0.006%	$4.3M	$6.6M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.935	+0.065%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.910	−0.044%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.910	−0.044%	$226K	$52K	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_USDTshort	+0.0100%	8h	22.910	−0.044%	$2.5M	$828K	20x
KuCoin COMPUSDTM	+0.0100%	8h	22.940	+0.087%	$462K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.940	+0.087%	$1.9M	$602K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.920	0.000%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.856	−0.280%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0544%	1h	22.960	+0.175%	$18K	$45K	25x	as long as short