Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.181%

Price spread now: BingX against Deribit−0.044%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on BingX

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

Funding pays, the price is against you. BingX is 0.044% cheaper against Deribit than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit COMP_USDC-PERPETUAL	22.970	−0.0185	get 0.0023% / 1h	20m 50s	$335	$327	50x
Short	BingX COMP-USDT	22.960	0.0100	get 0.0100% / 8h	5h 20m	—	$34.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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 DeribitbpFee BingXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $59.88
Price spread: −0.044% → 0.000%: −$4.35
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $38.53
Costs to cover: 0.170%
Break-even: 2.5 days

Slippage unknown: Deribit: 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 Deribit no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	6.55 bp	23.2 bp −$23	50.5 bp −$505	375.0 bp −$37.5K	497.1 bp −$248.6K

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 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	−0.0544%	1h	23.009	+0.172%	$231K	$89K	20x	as long as short
Deribit COMP_USDC-PERPETUALlong	−0.0185%	1h	22.970	long leg	$335	$327	50x
dYdX COMP-USD	−0.0081%	1h	22.960	−0.044%	$70K	—	5x	as long as short
MEXC COMP_USDT	+0.0089%	8h	22.960	−0.044%	$2.6M	$813K	20x	as long as short
Binance COMPUSDT	+0.0089%	8h	22.960	−0.044%	$4.3M	$6.7M	75x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.961	−0.039%	$882K	$359K	5x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.966	−0.017%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.980	+0.044%	$1.7M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.940	−0.131%	$227K	$57K	25x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.960	−0.044%	$461K	$89K	30x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget COMPUSDT	+0.0100%	8h	22.960	−0.044%	$1.9M	$620K	75x	as long as short
BingX COMP-USDTshort	+0.0100%	8h	22.960	−0.044%	—	$34.7M	—
Variational Omni COMP	+0.0100%	8h	22.966	−0.018%	$15K	$29K	—	as long as short
BloFin COMP-USDT	+0.0102%	8h	22.950	−0.087%	$241K	$168K	20x	as long as short
Injective COMP/USDC PERP	+0.0488%	1h	22.820	−0.653%	$1K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTX	+0.0584%	1h	22.980	+0.044%	$18K	$44K	25x	as long as short