Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0740%/8h= +81.1% APRpaid last 24h +0.178%

Price spread now: Bybit against Deribit−0.045%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 Bybit

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. Bybit is 0.045% cheaper against Deribit than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit COMP_USDC-PERPETUAL	22.440	−0.0640	get 0.0080% / 1h	41m 04s	$328	$327	50x
Short	Bybit COMPUSDT	22.430	0.0100	get 0.0100% / 8h	1h 41m	$3.8M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.045%Rate

Funding earned: $155.5
Price spread: −0.045% → 0.000%: −$4.46
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $133.04
Costs to cover: 0.180%
Break-even: 1.0 days

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	2.23 bp	35.6 bp −$36	88.6 bp −$886	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
Kraken Futures PF_COMPUSD	−0.0860%	1h	22.481	+0.181%	$236K	$82K	20x	as long as short
Deribit COMP_USDC-PERPETUALlong	−0.0640%	1h	22.440	long leg	$328	$327	50x
Injective COMP/USDC PERP	−0.0449%	1h	22.340	−0.446%	$2K	$13K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.408	−0.143%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.460	+0.089%	$18K	$53K	25x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.458	+0.078%	$843K	$499K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.438	−0.011%	$4.2M	$7.4M	75x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.430	−0.045%	$3.8M	$2.0M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.430	−0.045%	$1.6M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.400	−0.178%	$219K	$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	22.420	−0.089%	$2.7M	$843K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.450	+0.045%	$453K	$96K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.440	0.000%	$1.9M	$685K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.420	−0.089%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.363	−0.344%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0111%	8h	22.420	−0.089%	$236K	$148K	20x	as long as short