Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0078%/8h= +8.6% APRpaid last 24h +0.092%

Price spread now: Bitget against Injective−0.088%81s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 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. Bitget is 0.088% cheaper against Injective than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.7 days of funding at the current rate (+$2 a day). The two prices were read 81 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	Injective COMP/USDC PERP	22.820	0.0022	pay 0.0003% / 1h	57m 53s	$1K	$13K	12x
Short	Bitget COMPUSDT	22.800	0.0100	get 0.0100% / 8h	4h 57m	$1.9M	$623K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee BitgetbpOrdersPrice spread, now −0.088%Rate

Funding earned: $16.4
Price spread: −0.088% → 0.000%: −$8.76
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4.38
Costs to cover: 0.120%
Break-even: 8.9 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	2.18 bp	31.9 bp −$32	87.5 bp −$875	doesn't fit	doesn't fit

Injective: 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-PERPETUAL	−0.0626%	1h	22.820	0.000%	$333	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0184%	1h	22.869	+0.215%	$226K	$92K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.880	+0.263%	$69K	—	5x	as long as short
Injective COMP/USDC PERPlong	+0.0022%	1h	22.820	long leg	$1K	$13K	12x
BloFin COMP-USDT	+0.0100%	8h	22.780	−0.175%	$243K	$166K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.832	+0.053%	$876K	$361K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.794	−0.114%	$4.3M	$6.7M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.774	−0.202%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.780	−0.175%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.830	+0.044%	$226K	$51K	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	22.800	−0.088%	$2.5M	$822K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.850	+0.131%	$461K	$89K	30x	as long as short
Bitget COMPUSDTshort	+0.0100%	8h	22.800	−0.088%	$1.9M	$623K	75x
BingX COMP-USDT	+0.0100%	8h	22.820	0.000%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.825	+0.023%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0544%	1h	22.930	+0.482%	$18K	$44K	25x	as long as short