Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.098%

Price spread now: BingX against Coinbase International−0.704%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 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 −$1 a day on $10k at the current rate, and BingX is 0.704% cheaper against Coinbase International than usual: you would sell low and buy high (−$70 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	Coinbase International COMP-PERP-INTX	22.730	0.0136	pay 0.0017% / 1h	16m 03s	$17K	$51K	25x
Short	BingX COMP-USDT	22.570	0.0100	get 0.0100% / 8h	16m 03s	—	$36.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.704%Rate

Funding earned: −$7.56
Price spread: −0.704% → 0.000%: −$70.39
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$97.95
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 8 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	6.65 bp	19.1 bp −$19	45.2 bp −$452	331.7 bp −$33.2K	477.0 bp −$238.5K

Coinbase International: 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	−0.0724%	1h	22.594	−0.597%	$227K	$92K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0636%	1h	22.550	−0.792%	$329	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.576	−0.678%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.716%	$2K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0072%	8h	22.560	−0.748%	$237K	$149K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.574	−0.686%	$847K	$413K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.545	−0.815%	$4.2M	$7.0M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.550	−0.792%	$3.8M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.550	−0.792%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.580	−0.660%	$220K	$71K	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	22.550	−0.792%	$2.7M	$845K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.580	−0.660%	$455K	$91K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.560	−0.748%	$1.9M	$618K	75x	as long as short
BingX COMP-USDTshort	+0.0100%	8h	22.570	−0.704%	—	$36.0M	—
Variational Omni COMP	+0.0100%	8h	22.542	−0.828%	$15K	$31K	—	as long as short
Coinbase International COMP-PERP-INTXlong	+0.0136%	1h	22.730	long leg	$17K	$51K	25x