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: BingX against Bitget−0.045%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$880.884% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.045%, 7d avg +0.045%

Together, before fees−0.005%$0 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: BingX is 0.089% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COMPUSDT	22.440	0.0100	pay 0.0100% / 8h	1h 24m	$1.9M	$673K	75x
Short	BingX COMP-USDT	22.430	0.0100	get 0.0100% / 8h	1h 24m	—	$36.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.045%: −$8.95
Slippage, 4 orders: −$66.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$97.36
Costs to cover: 0.884%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 4 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 Bitget live order book, 2 min ago	2.23 bp	22.9 bp −$23	58.4 bp −$584	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	6.69 bp	20.0 bp −$20	49.6 bp −$496	382.3 bp −$38.2K	532.5 bp −$266.3K

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	−0.0860%	1h	22.474	+0.153%	$236K	$62K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0641%	1h	22.420	−0.089%	$327	$327	50x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	−0.446%	$2K	$13K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.436	−0.017%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.460	+0.089%	$18K	$53K	25x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.476	+0.160%	$844K	$493K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.440	0.000%	$4.2M	$7.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.438	−0.009%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.450	+0.045%	$1.6M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.410	−0.134%	$219K	$78K	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_USDT	+0.0100%	8h	22.430	−0.045%	$2.7M	$844K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.440	0.000%	$453K	$94K	30x	as long as short
Bitget COMPUSDTlong	+0.0100%	8h	22.440	long leg	$1.9M	$673K	75x
BingX COMP-USDTshort	+0.0100%	8h	22.430	−0.045%	—	$36.4M	—
Variational Omni COMP	+0.0100%	8h	22.412	−0.124%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0103%	8h	22.380	−0.267%	$237K	$148K	20x	as long as short