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: Bitget against Bybit+0.114%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1211.209% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days−0.114%−$11 · spread now +0.114%, 7d avg −0.053%

Together, before fees−0.139%−$14 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: Bitget is 0.167% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COMPUSDT	22.774	0.0100	pay 0.0100% / 8h	4h 57m	$3.9M	$1.9M	75x
Short	Bitget COMPUSDT	22.800	0.0100	get 0.0100% / 8h	4h 57m	$1.9M	$623K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee BitgetbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → −0.053%: $16.72
Slippage, 4 orders: −$97.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$104.17
Costs to cover: 1.209%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: 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 Bybit live order book, 5 min ago	4.37 bp	34.0 bp −$34	74.2 bp −$742	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.18 bp	31.9 bp −$32	87.5 bp −$875	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	−0.0626%	1h	22.820	+0.202%	$333	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0184%	1h	22.869	+0.417%	$226K	$92K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.880	+0.465%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0022%	1h	22.820	+0.202%	$1K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0100%	8h	22.780	+0.026%	$243K	$166K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.832	+0.255%	$876K	$361K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.794	+0.088%	$4.3M	$6.7M	75x	as long as short
Bybit COMPUSDTlong	+0.0100%	8h	22.774	long leg	$3.9M	$1.9M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.780	+0.026%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.830	+0.246%	$226K	$51K	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	22.800	+0.114%	$2.5M	$822K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.850	+0.334%	$461K	$89K	30x	as long as short
Bitget COMPUSDTshort	+0.0100%	8h	22.800	+0.114%	$1.9M	$623K	75x
BingX COMP-USDT	+0.0100%	8h	22.820	+0.202%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.825	+0.225%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0544%	1h	22.930	+0.685%	$18K	$44K	25x	as long as short