Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX+0.088%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1711.715% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.088%, 7d avg −0.024%

Together, before fees−0.008%−$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: Gate is 0.112% dearer against BingX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX COMP-USDT	22.650	0.0100	pay 0.0100% / 8h	5h 47m	—	$34.7M	—
Short	Gate COMP_USDT	22.670	0.0100	get 0.0100% / 8h	5h 47m	$222K	$54K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → −0.024%: $11.19
Slippage, 4 orders: −$146.46
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$160.28
Costs to cover: 1.715%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Gate: live order book, 9 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 BingX live order book, 7 min ago	6.61 bp	20.8 bp −$21	51.3 bp −$513	422.8 bp −$42.3K	537.9 bp −$268.9K
Sell Gate live order book, 9 min ago	6.60 bp	69.9 bp −$70	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	−0.0632%	1h	22.660	+0.044%	$331	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0552%	1h	22.677	+0.118%	$228K	$88K	20x	as long as short
dYdX COMP-USD	−0.0256%	1h	22.690	+0.177%	$69K	—	5x	as long as short
BloFin COMP-USDT	+0.0044%	8h	22.630	−0.088%	—	$166K	20x	as long as short
Binance COMPUSDT	+0.0072%	8h	22.653	+0.014%	$4.3M	$6.6M	75x	as long as short
MEXC COMP_USDT	+0.0084%	8h	22.640	−0.044%	$2.6M	$807K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.683	+0.146%	$872K	$360K	5x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.660	+0.044%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.660	+0.044%	$1.6M	$2.0M	20x	as long as short
Gate COMP_USDTshort	+0.0100%	8h	22.670	+0.088%	$222K	$54K	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.700	+0.221%	$456K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.650	0.000%	$1.9M	$605K	75x	as long as short
BingX COMP-USDTlong	+0.0100%	8h	22.650	long leg	—	$34.7M	—
Variational Omni COMP	+0.0100%	8h	22.761	+0.488%	$15K	$29K	—	as long as short
Injective COMP/USDC PERP	+0.0488%	1h	22.620	−0.132%	$2K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTX	+0.0584%	1h	22.930	+1.236%	$18K	$45K	25x	as long as short