Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0078%/8h= +8.6% APRpaid last 24h +0.086%

Price spread now: MEXC against Injective−0.262%7-day average — · you buy dearer than you sell

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$22 on $10k

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 0.262% cheaper against Injective than usual: you would sell low and buy high (spread −0.262% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 11 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective COMP/USDC PERP	22.890	0.0022	pay 0.0003% / 1h	40m 40s	$1K	$13K	12x
Short	MEXC COMP_USDT	22.830	0.0100	get 0.0100% / 8h	4h 40m	$2.5M	$825K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now −0.262%Rate

Funding earned: $16.4
Price spread: −0.262% → 0.000%: −$26.21
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$13.83
Costs to cover: 0.040%
Break-even: 12.9 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 1 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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	2.20 bp	8.6 bp −$9	24.1 bp −$241	193.6 bp −$19.4K	doesn't fit

Injective: 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-PERPETUAL	−0.0626%	1h	22.800	−0.393%	$333	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0184%	1h	22.828	−0.271%	$226K	$93K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.846	−0.194%	$69K	—	5x	as long as short
Injective COMP/USDC PERPlong	+0.0022%	1h	22.890	long leg	$1K	$13K	12x
Hyperliquid COMP	+0.0100%	1h	22.858	−0.140%	$877K	$359K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.830	−0.262%	$4.3M	$6.7M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.830	−0.262%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.830	−0.262%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.820	−0.306%	$226K	$52K	25x	as long as short
MEXC COMP_USDTshort	+0.0100%	8h	22.830	−0.262%	$2.5M	$825K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.840	−0.218%	$460K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.840	−0.218%	$1.9M	$622K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.830	−0.262%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.776	−0.499%	$15K	$29K	—	as long as short
BloFin COMP-USDT	+0.0113%	8h	22.780	−0.481%	$242K	$165K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0544%	1h	22.800	−0.393%	$18K	$46K	25x	as long as short