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: MEXC against Gate+0.044%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1711.712% of the position

Long on Gate 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)−0.056%−$6 · spread now +0.044%, 7d avg −0.011%

Together, before fees−0.070%−$7 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 0.055% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COMP_USDT	22.600	0.0100	pay 0.0100% / 8h	50m 53s	$221K	$70K	25x
Short	MEXC COMP_USDT	22.610	0.0100	get 0.0100% / 8h	50m 53s	$2.7M	$832K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee MEXCbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.011%: $5.48
Slippage, 4 orders: −$152.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$165.73
Costs to cover: 1.712%
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; MEXC: 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 Gate live order book, 20 min ago	6.69 bp	75.0 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.21 bp	7.6 bp −$8	17.5 bp −$175	157.3 bp −$15.7K	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	−0.0722%	1h	22.661	+0.268%	$239K	$62K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0633%	1h	22.620	+0.088%	$330	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.647	+0.207%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.150%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.635	+0.155%	$849K	$491K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.620	+0.088%	$4.3M	$7.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.620	+0.088%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.630	+0.133%	$1.6M	$2.2M	20x	as long as short
Gate COMP_USDTlong	+0.0100%	8h	22.600	long leg	$221K	$70K	25x
MEXC COMP_USDTshort	+0.0100%	8h	22.610	+0.044%	$2.7M	$832K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.640	+0.177%	$457K	$94K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.610	+0.044%	$1.9M	$671K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.640	+0.177%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.572	−0.125%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0125%	8h	22.630	+0.133%	$236K	$153K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0136%	1h	22.660	+0.265%	$17K	$54K	25x	as long as short