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: Variational Omni against Bybit+0.067%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.067% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COMPUSDT	22.632	0.0100	pay 0.0100% / 8h	37m 24s	$3.8M	$2.0M	75x
Short	Variational Omni COMP	22.647	0.0100	get 0.0100% / 8h	37m 24s	$15K	$31K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → 0.000%: $6.7
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.3
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Variational Omni: 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, 5 min ago	4.41 bp	30.0 bp −$30	79.0 bp −$790	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 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	−0.0722%	1h	22.658	+0.114%	$239K	$62K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0633%	1h	22.640	+0.035%	$331	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.650	+0.080%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.290%	$2K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0097%	8h	22.640	+0.035%	$238K	$151K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.654	+0.097%	$850K	$490K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.630	−0.009%	$4.3M	$7.2M	75x	as long as short
Bybit COMPUSDTlong	+0.0100%	8h	22.632	long leg	$3.8M	$2.0M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.630	−0.009%	$1.6M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.610	−0.097%	$221K	$70K	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	22.640	+0.035%	$2.8M	$843K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.660	+0.124%	$457K	$94K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.650	+0.080%	$1.9M	$650K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.620	−0.053%	—	$36.0M	—	as long as short
Variational Omni COMPshort	+0.0100%	8h	22.647	+0.067%	$15K	$31K	—
Coinbase International COMP-PERP-INTX	+0.0136%	1h	22.730	+0.433%	$17K	$54K	25x	as long as short