Settings8H · net · $10k
Funding arb · Price arb /

COMP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid−0.106%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1161.164% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.080%+$8 · spread now −0.106%, 7d avg −0.048%
Together, before fees+0.080%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 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 0.058% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid COMP22.5840.0100pay 0.0013% / 1h16m 44s$847K$413K5x
ShortBybit COMPUSDT22.5600.0100get 0.0100% / 8h16m 44s$3.8M$1.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Hyperliquid. 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

Funding earned
$0
Price spread: −0.106% → −0.048%
−$5.84
Slippage, 4 orders
−$96.36
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$122.2
Costs to cover
1.164%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 53 min ago; Bybit: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 53 min ago1.11 bp23.6 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 6 min ago4.43 bp35.9 bp −$3690.9 bp −$909doesn't fitdoesn't fit

COMP on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_COMPUSD−0.0723%1h22.608+0.105%$227K$92K20xas long as short
Deribit COMP_USDC-PERPETUAL−0.0636%1h22.550−0.151%$329$32750xas long as short
dYdX COMP-USD0.0000%1h22.576−0.036%$68K5xas long as short
Injective COMP/USDC PERP+0.0033%1h22.340−1.080%$2K$13K12xas long as short
BloFin COMP-USDT+0.0072%8h22.560−0.106%$237K$149K20xas long as short
Hyperliquid COMPlong+0.0100%1h22.584long leg$847K$413K5x
Binance COMPUSDT+0.0100%8h22.553−0.136%$4.2M$7.0M75xas long as short
Bybit COMPUSDTshort+0.0100%8h22.560−0.106%$3.8M$1.9M75x
OKX COMP-USDT-SWAP+0.0100%8h22.560−0.106%$1.6M$2.1M20xas long as short
Gate COMP_USDT+0.0100%8h22.590+0.027%$220K$71K25xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC COMP_USDT+0.0100%8h22.570−0.062%$2.7M$845K20xas long as short
KuCoin COMPUSDTM+0.0100%8h22.590+0.027%$456K$91K30xas long as short
Bitget COMPUSDT+0.0100%8h22.560−0.106%$1.9M$619K75xas long as short
BingX COMP-USDT+0.0100%8h22.580−0.018%$36.0Mas long as short
Variational Omni COMP+0.0100%8h22.597+0.057%$15K$31Kas long as short
Coinbase International COMP-PERP-INTX+0.0136%1h22.730+0.646%$17K$51K25xas long as short