Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0730%/8h= −79.9% APRpaid last 24h −0.184%

Price spread now: Deribit against Bybit−0.136%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Deribit is 0.136% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COMPUSDT	22.751	0.0100	pay 0.0100% / 8h	6h 10m	$3.9M	$2.0M	75x
Short	Deribit COMP_USDC-PERPETUAL	22.720	−0.0630	pay 0.0079% / 1h	10m 03s	$332	$327	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$153.2
Price spread: −0.136% → 0.000%: −$13.63
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$184.82
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

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, 3 min ago	4.39 bp	36.5 bp −$36	81.7 bp −$817	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPETUALshort	−0.0630%	1h	22.720	−0.136%	$332	$327	50x
Kraken Futures PF_COMPUSD	−0.0621%	1h	22.759	+0.037%	$228K	$88K	20x	as long as short
dYdX COMP-USD	−0.0005%	1h	22.800	+0.215%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.620	−0.576%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.733	−0.078%	$873K	$364K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.713	−0.166%	$4.3M	$6.8M	75x	as long as short
Bybit COMPUSDTlong	+0.0100%	8h	22.751	long leg	$3.9M	$2.0M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.700	−0.224%	$1.6M	$2.0M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.760	+0.040%	$223K	$57K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.690	−0.268%	$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	22.760	+0.040%	$457K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.710	−0.180%	$1.9M	$626K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.740	−0.048%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.776	+0.110%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+0.787%	$18K	$45K	25x	as long as short