Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate−0.133%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$2202.202% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.133%, 7d avg +0.039%

Together, before fees+0.110%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.172% cheaper against Gate than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COMP_USDT	22.580	0.0100	pay 0.0100% / 8h	16m 19s	$220K	$71K	25x
Short	Bybit COMPUSDT	22.550	0.0100	get 0.0100% / 8h	16m 19s	$3.8M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → +0.039%: −$17.22
Slippage, 4 orders: −$194.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$237.39
Costs to cover: 2.202%
Break-even: never at this rate

Slippage from Gate: live order book, 55 min ago; Bybit: live order book, 1 min ago.

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 Gate live order book, 55 min ago	6.69 bp	75.0 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.43 bp	30.7 bp −$31	71.5 bp −$715	doesn't fit	doesn't fit

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	+0.063%	$227K	$92K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0636%	1h	22.550	−0.133%	$329	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.576	−0.018%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.063%	$2K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0072%	8h	22.560	−0.089%	$237K	$149K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.574	−0.027%	$847K	$413K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.550	−0.133%	$4.2M	$7.0M	75x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.550	−0.133%	$3.8M	$1.9M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.550	−0.133%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDTlong	+0.0100%	8h	22.580	long leg	$220K	$71K	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC COMP_USDT	+0.0100%	8h	22.560	−0.089%	$2.7M	$845K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.580	0.000%	$455K	$91K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.560	−0.089%	$1.9M	$618K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.570	−0.044%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.542	−0.169%	$15K	$31K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0136%	1h	22.730	+0.664%	$17K	$51K	25x	as long as short