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: Bybit against MEXC+0.094%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$790.793% 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−0.025%−$3 · spread now +0.094%, 7d avg +0.027%

Together, before fees−0.011%−$1 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 0.067% dearer against MEXC than usual: you sell high and buy low, +$7 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	22.370	0.0100	pay 0.0100% / 8h	1h 34m	$2.7M	$843K	20x
Short	Bybit COMPUSDT	22.391	0.0100	get 0.0100% / 8h	1h 34m	$3.8M	$2.0M	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 +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.027%: $6.69
Slippage, 4 orders: −$64.31
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$72.62
Costs to cover: 0.793%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	2.23 bp	8.3 bp −$8	20.4 bp −$204	182.5 bp −$18.3K	doesn't fit
Sell Bybit live order book, 3 min ago	2.23 bp	31.6 bp −$32	73.9 bp −$739	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
Kraken Futures PF_COMPUSD	−0.0861%	1h	22.455	+0.382%	$236K	$82K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0641%	1h	22.420	+0.224%	$327	$327	50x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	−0.134%	$2K	$13K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.437	+0.299%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.460	+0.402%	$18K	$53K	25x	as long as short
BloFin COMP-USDT	+0.0075%	8h	22.410	+0.179%	$236K	$148K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.404	+0.152%	$841K	$494K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.400	+0.134%	$4.2M	$7.4M	75x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.391	+0.094%	$3.8M	$2.0M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.420	+0.224%	$1.6M	$2.2M	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	22.410	+0.179%	$219K	$78K	25x	as long as short
MEXC COMP_USDTlong	+0.0100%	8h	22.370	long leg	$2.7M	$843K	20x
KuCoin COMPUSDTM	+0.0100%	8h	22.430	+0.268%	$453K	$95K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.410	+0.179%	$1.9M	$686K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.390	+0.089%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.402	+0.145%	$15K	$37K	—	as long as short