Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1192%/8h= +130.6% APRpaid last 24h +0.170%

Price spread now: Bitget against Deribit+0.045%48s7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Bitget

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 for this trade now. Funding pays +$36 a day on $10k at the current rate, and Bitget is 0.045% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit COMP_USDC-PERPETUAL	22.320	−0.1092	get 0.0137% / 1h	57m 30s	$326	$327	50x
Short	Bitget COMPUSDT	22.330	0.0100	get 0.0100% / 8h	1h 57m	$1.9M	$712K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.045%Rate

Funding earned: $250.38
Price spread: +0.045% → 0.000%: $4.48
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $235.86
Costs to cover: 0.190%
Break-even: 0.4 days

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	6.72 bp	27.1 bp −$27	61.7 bp −$617	doesn't fit	doesn't fit

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
Deribit COMP_USDC-PERPETUALlong	−0.1092%	1h	22.320	long leg	$326	$327	50x
Kraken Futures PF_COMPUSD	−0.0864%	1h	22.365	+0.202%	$235K	$83K	20x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	+0.090%	$2K	$13K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.330	+0.045%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.530	+0.941%	$18K	$53K	25x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.342	+0.099%	$837K	$519K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.315	−0.022%	$4.2M	$7.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.320	0.000%	$3.8M	$2.1M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.320	0.000%	$1.6M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.320	0.000%	$218K	$78K	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	22.310	−0.045%	$2.7M	$832K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.330	+0.045%	$451K	$102K	30x	as long as short
Bitget COMPUSDTshort	+0.0100%	8h	22.330	+0.045%	$1.9M	$712K	75x
BingX COMP-USDT	+0.0100%	8h	22.310	−0.045%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.299	−0.093%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0109%	8h	22.310	−0.045%	$238K	$148K	20x	as long as short