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 Bybit−0.132%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$445as in the Funding arb table

Net, price: spread back to 7d avg − costs−$459as in the Price arb table

costs, in and out, $10k−$4454.449% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.132%, 7d avg +0.013%

Together, before fees+0.083%+$8 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 0.145% cheaper against Bybit than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COMPUSDT	22.790	0.0100	pay 0.0100% / 8h	3h 31m	$3.9M	$1.7M	75x
Short	KuCoin COMPUSDTM	22.760	0.0100	get 0.0100% / 8h	3h 31m	$460K	$87K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → +0.013%: −$14.49
Slippage, 4 orders: −$421.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$459.39
Costs to cover: 4.449%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 41 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, 1 min ago	2.20 bp	36.7 bp −$37	81.1 bp −$811	doesn't fit	doesn't fit
Sell KuCoin live order book, 41 min ago	6.53 bp	178.9 bp −$179	doesn't fit	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	−0.0628%	1h	22.750	−0.176%	$332	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0283%	1h	22.771	−0.084%	$226K	$94K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.770	−0.088%	$69K	—	5x	as long as short
BloFin COMP-USDT	+0.0089%	8h	22.750	−0.176%	$243K	$175K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.794	+0.018%	$873K	$346K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.760	−0.132%	$4.3M	$6.3M	75x	as long as short
Bybit COMPUSDTlong	+0.0100%	8h	22.790	long leg	$3.9M	$1.7M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.800	+0.044%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.760	−0.132%	$222K	$54K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.790	0.000%	$2.5M	$814K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTMshort	+0.0100%	8h	22.760	−0.132%	$460K	$87K	30x
Bitget COMPUSDT	+0.0100%	8h	22.780	−0.044%	$1.9M	$575K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.770	−0.088%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.776	−0.061%	$14K	$30K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0408%	1h	22.980	+0.834%	$18K	$44K	25x	as long as short
Injective COMP/USDC PERP	+0.0542%	1h	22.820	+0.132%	$1K	$13K	12x	as long as short