Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: MEXC against dYdX−0.312%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 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 0.312% cheaper against dYdX than usual: you would sell low and buy high (spread −0.312% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 10 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX COMP-USD	22.410	0	get 0.0000% / 1h	11m 59s	$68K	—	5x
Short	MEXC COMP_USDT	22.340	0.0100	get 0.0100% / 8h	2h 11m	$2.7M	$864K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against dYdX. 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 dYdXbpFee MEXCbpOrdersPrice spread, now −0.312%Rate

Funding earned: $21
Price spread: −0.312% → 0.000%: −$31.24
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$24.24
Costs to cover: 0.140%
Break-even: 15.1 days

Slippage unknown: dYdX: 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 dYdX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	2.23 bp	7.9 bp −$8	17.5 bp −$175	156.4 bp −$15.6K	doesn't fit

dYdX: 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
Injective COMP/USDC PERP	−0.1289%	1h	22.200	−0.937%	$3K	$12K	12x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.1090%	1h	22.360	−0.223%	$326	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0848%	1h	22.379	−0.137%	$235K	$84K	20x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.530	+0.535%	$18K	$53K	25x	as long as short
dYdX COMP-USDlong	0.0000%	1h	22.410	long leg	$68K	—	5x
Hyperliquid COMP	+0.0100%	1h	22.380	−0.134%	$839K	$519K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.360	−0.223%	$4.2M	$7.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.350	−0.268%	$3.8M	$2.1M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.360	−0.223%	$1.6M	$2.3M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.340	−0.312%	$219K	$83K	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	22.340	−0.312%	$2.7M	$864K	20x
KuCoin COMPUSDTM	+0.0100%	8h	22.390	−0.089%	$452K	$102K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.370	−0.178%	$1.9M	$753K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.370	−0.178%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.414	+0.018%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0122%	8h	22.340	−0.312%	$238K	$149K	20x	as long as short