Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: BingX against dYdX−0.072%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

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 0.072% cheaper against dYdX than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX COMP-USD	22.656	0	get 0.0000% / 1h	46m 42s	$69K	—	5x
Short	BingX COMP-USDT	22.640	0.0100	get 0.0100% / 8h	7h 46m	—	$36.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now −0.072%Rate

Funding earned: $21
Price spread: −0.072% → 0.000%: −$7.23
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$6.23
Costs to cover: 0.200%
Break-even: 9.1 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 2 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 dYdX no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	6.63 bp	21.5 bp −$22	50.4 bp −$504	380.5 bp −$38.1K	513.7 bp −$256.9K

dYdX: 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	−0.0680%	1h	22.674	+0.077%	$228K	$91K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0191%	1h	22.650	−0.028%	$331	$327	50x	as long as short
dYdX COMP-USDlong	0.0000%	1h	22.656	long leg	$69K	—	5x
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.396%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.653	−0.015%	$850K	$409K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.630	−0.116%	$4.2M	$7.0M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.640	−0.072%	$3.8M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.640	−0.072%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.630	−0.116%	$221K	$63K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.630	−0.116%	$2.8M	$791K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.660	+0.016%	$457K	$91K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.630	−0.116%	$1.9M	$618K	75x	as long as short
BingX COMP-USDTshort	+0.0100%	8h	22.640	−0.072%	—	$36.0M	—
Variational Omni COMP	+0.0100%	8h	22.586	−0.308%	$15K	$31K	—	as long as short
BloFin COMP-USDT	+0.0115%	8h	22.610	−0.205%	$236K	$158K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0200%	1h	22.730	+0.325%	$17K	$51K	25x	as long as short