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: KuCoin against BingX+0.088%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$339as in the Funding arb table

Net, price: spread back to 7d avg − costs−$336as in the Price arb table

costs, in and out, $10k−$3433.426% of the position

Long on BingX Short on KuCoin

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)−0.072%−$7 · spread now +0.088%, 7d avg +0.020%

Together, before fees−0.040%−$4 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: KuCoin is 0.068% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX COMP-USDT	22.730	0.0100	pay 0.0100% / 8h	6h 31m	—	$34.7M	—
Short	KuCoin COMPUSDTM	22.750	0.0100	get 0.0100% / 8h	6h 31m	$457K	$92K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → +0.020%: $6.83
Slippage, 4 orders: −$320.57
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$335.75
Costs to cover: 3.426%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; KuCoin: live order book, 6 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, 2 min ago	6.62 bp	22.3 bp −$22	50.7 bp −$507	396.3 bp −$39.6K	522.3 bp −$261.2K
Sell KuCoin live order book, 6 min ago	8.83 bp	173.4 bp −$173	doesn't fit	doesn't fit	doesn't fit

COMP on 15 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	−0.0620%	1h	22.785	+0.244%	$229K	$90K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0189%	1h	22.760	+0.132%	$332	$327	50x	as long as short
dYdX COMP-USD	−0.0010%	1h	22.706	−0.104%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.620	−0.484%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.742	+0.053%	$874K	$362K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.728	−0.008%	$4.3M	$6.9M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.732	+0.009%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.730	0.000%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.730	0.000%	$222K	$55K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.750	+0.088%	$2.6M	$818K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTMshort	+0.0100%	8h	22.750	+0.088%	$457K	$92K	30x
Bitget COMPUSDT	+0.0100%	8h	22.750	+0.088%	$1.9M	$625K	75x	as long as short
BingX COMP-USDTlong	+0.0100%	8h	22.730	long leg	—	$34.7M	—
Variational Omni COMP	+0.0100%	8h	22.711	−0.081%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+0.880%	$18K	$45K	25x	as long as short