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: OKX against Bitget0.000%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1001.003% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.043%−$4 · spread now 0.000%, 7d avg +0.030%

Together, before fees−0.032%−$3 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: OKX is 0.030% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COMPUSDT	22.770	0.0100	pay 0.0100% / 8h	6h 11m	$1.9M	$624K	75x
Short	OKX COMP-USDT-SWAP	22.770	0.0100	get 0.0100% / 8h	6h 11m	$1.6M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.030%: −$2.98
Slippage, 4 orders: −$78.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$103.32
Costs to cover: 1.003%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	2.19 bp	24.6 bp −$25	59.1 bp −$591	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	4.39 bp	23.5 bp −$24	868.6 bp −$8,686	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
Deribit COMP_USDC-PERPETUAL	−0.0628%	1h	22.770	0.000%	$332	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0619%	1h	22.820	+0.218%	$229K	$88K	20x	as long as short
dYdX COMP-USD	−0.0006%	1h	22.800	+0.132%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.620	−0.659%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.782	+0.053%	$875K	$364K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.770	0.000%	$4.3M	$6.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.800	+0.132%	$3.9M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAPshort	+0.0100%	8h	22.770	0.000%	$1.6M	$2.0M	20x
Gate COMP_USDT	+0.0100%	8h	22.790	+0.088%	$223K	$57K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.780	+0.044%	$2.6M	$820K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.800	+0.132%	$458K	$89K	30x	as long as short
Bitget COMPUSDTlong	+0.0100%	8h	22.770	long leg	$1.9M	$624K	75x
BingX COMP-USDT	+0.0100%	8h	22.790	+0.088%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.816	+0.201%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+0.703%	$18K	$45K	25x	as long as short