Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0305%/8h= +33.4% APRpaid last 24h −0.152%

Price spread now: Kraken Futures against MEXC+0.116%7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$910.913% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.300%−$30 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.116%, 7d avg +0.145%

Together, before fees−0.221%−$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.029% cheaper against MEXC than usual: you would sell low and buy high (spread +0.116% now, against its 7-day average of +0.145%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.300%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC COMP_USDT	22.280	0.0100	pay 0.0100% / 8h	5h 51m	$2.4M	$828K	20x
Short	Kraken Futures PF_COMPUSD	22.306	0.0405	get 0.0051% / 1h	51m 02s	$220K	$79K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.116%Rate

Funding earned: $64
Price spread: +0.116% → +0.145%: −$2.92
Slippage, 4 orders: −$77.31
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$30.23
Costs to cover: 0.913%
Break-even: 10.3 days

Slippage from MEXC: live order book, 4 min ago; Kraken Futures: live order book, 59 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, 4 min ago	2.24 bp	8.1 bp −$8	19.3 bp −$193	187.4 bp −$18.7K	doesn't fit
Sell Kraken Futures live order book, 59 min ago	11.16 bp	35.2 bp −$35	doesn't fit	doesn't fit	doesn't fit

COMP on 16 exchanges

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	−0.0647%	1h	22.270	−0.045%	$281	$507	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.304	+0.109%	$68K	$16	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.820	+2.424%	$1K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0095%	8h	22.280	0.000%	$232K	$163K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.308	+0.126%	$805K	$321K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.290	+0.045%	$4.2M	$6.3M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.290	+0.045%	$3.8M	$1.5M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.280	0.000%	$1.7M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.290	+0.045%	$217K	$55K	25x	as long as short
MEXC COMP_USDTlong	+0.0100%	8h	22.280	long leg	$2.4M	$828K	20x

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.290	+0.045%	$463K	$125K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.270	−0.045%	$1.9M	$594K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.280	0.000%	—	$14.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.314	+0.154%	$13K	$16K	—	as long as short
Kraken Futures PF_COMPUSDshort	+0.0405%	1h	22.306	+0.116%	$220K	$79K	20x
Coinbase International COMP-PERP-INTX	+0.0704%	1h	22.400	+0.539%	$16K	$40K	25x	as long as short