Funding arb · Price arb /

COMP

all COMP markets

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 MEXC0.000%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1031.035% 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+0.043%+$4 · spread now 0.000%, 7d avg +0.027%

Together, before fees+0.057%+$6 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 0.027% cheaper against MEXC than usual: you would sell low and buy high, −$3 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	22.440	0.0100	pay 0.0100% / 8h	2h 21m	$2.7M	$860K	20x
Short	Bybit COMPUSDT	22.440	0.0100	get 0.0100% / 8h	2h 21m	$3.8M	$2.1M	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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.027%: −$2.67
Slippage, 4 orders: −$88.48
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$106.15
Costs to cover: 1.035%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 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, 6 min ago	2.22 bp	8.4 bp −$8	22.7 bp −$227	194.4 bp −$19.4K	doesn't fit
Sell Bybit live order book, 1 min ago	2.22 bp	41.6 bp −$42	96.0 bp −$960	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	−0.1289%	1h	22.280	−0.713%	$3K	$12K	12x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.1085%	1h	22.450	+0.045%	$229	$229	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0845%	1h	22.480	+0.178%	$236K	$84K	20x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.530	+0.401%	$18K	$53K	25x	as long as short
dYdX COMP-USD	0.0000%	1h	22.538	+0.436%	$68K	—	5x	as long as short
BloFin COMP-USDT	+0.0084%	8h	22.430	−0.045%	$237K	$149K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.456	+0.070%	$842K	$518K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.440	0.000%	$4.2M	$7.9M	75x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.440	0.000%	$3.8M	$2.1M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.450	+0.045%	$1.6M	$2.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate COMP_USDT	+0.0100%	8h	22.440	0.000%	$220K	$83K	25x	as long as short
MEXC COMP_USDTlong	+0.0100%	8h	22.440	long leg	$2.7M	$860K	20x
KuCoin COMPUSDTM	+0.0100%	8h	22.470	+0.134%	$454K	$103K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.440	0.000%	$1.9M	$755K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.460	+0.089%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.514	+0.331%	$15K	$37K	—	as long as short