Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0240%/8hpaid last 24h −0.061%

Price spread now: Kraken Futures against MEXC+0.078%7-day average +0.140% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$920.922% 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−0.264%−$26 on $10k

Price spread, last 3 days (all we have)+0.080%+$8 · spread now +0.078%, 7d avg +0.140%

Together, before fees−0.184%−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.062% cheaper against MEXC than usual: you would sell low and buy high (spread +0.078% now, against its 7-day average of +0.140%). If the spread goes back, that is −$6 on $10k: about 21 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.264%, 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	22.110	0.0100	pay 0.0100% / 8h	4h 32m	$2.6M	$808K	20x
Short	Kraken Futures PF_COMPUSD	22.127	0.0340	get 0.0042% / 1h	32m 34s	$208K	$61K	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 +0.078%Rate

Funding earned: $50.37
Price spread: +0.078% → +0.140%: −$6.16
Slippage, 4 orders: −$78.2
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$47.99
Costs to cover: 0.922%
Break-even: 13.7 days

Slippage from MEXC: live order book, 6 min ago; Kraken Futures: live order book, 7 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	2.26 bp	8.0 bp −$8	17.4 bp −$174	173.7 bp −$17.4K	doesn't fit
Sell Kraken Futures live order book, 7 min ago	26.59 bp	43.8 bp −$44	doesn't fit	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
Deribit COMP_USDC-PERPETUAL	−0.0655%	1h	22.090	−0.090%	$225	$113	50x	as long as short
Injective COMP/USDC PERP	−0.0224%	1h	22.080	−0.136%	$5K	$38K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.130	+0.091%	$67K	—	5x	as long as short
BloFin COMP-USDT	+0.0073%	8h	22.080	−0.136%	$241K	$155K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.113	+0.014%	$839K	$554K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.110	0.000%	$4.1M	$8.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.096	−0.063%	$3.8M	$2.2M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.120	+0.045%	$1.6M	$2.3M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.100	−0.045%	$223K	$89K	25x	as long as short
MEXC COMP_USDTlong	+0.0100%	8h	22.110	long leg	$2.6M	$808K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.120	+0.045%	$424K	$94K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.130	+0.090%	$1.9M	$761K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.100	−0.045%	—	$36.3M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.090	−0.090%	$15K	$39K	—	as long as short
Kraken Futures PF_COMPUSDshort	+0.0340%	1h	22.127	+0.078%	$208K	$61K	20x
Coinbase International COMP-PERP-INTX	+0.0456%	1h	22.160	+0.226%	$17K	$31K	25x	as long as short