Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.132%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$341as in the Funding arb table

Net, price: spread back to 7d avg − costs−$349as in the Price arb table

costs, in and out, $10k−$3383.377% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.132%, 7d avg −0.020%

Together, before fees+0.084%+$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: BingX is 0.112% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.740	0.0100	pay 0.0100% / 8h	6h 07m	$457K	$89K	30x
Short	BingX COMP-USDT	22.710	0.0100	get 0.0100% / 8h	6h 07m	—	$34.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.020%: −$11.22
Slippage, 4 orders: −$315.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$348.94
Costs to cover: 3.377%
Break-even: never at this rate

Slippage from KuCoin: live order book, 30 min ago; BingX: live order book, 16 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 KuCoin live order book, 30 min ago	8.83 bp	125.5 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	4.37 bp	18.1 bp −$18	46.4 bp −$464	388.8 bp −$38.9K	526.3 bp −$263.1K

COMP on 15 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	−0.0629%	1h	22.730	−0.044%	$332	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0621%	1h	22.768	+0.123%	$229K	$88K	20x	as long as short
dYdX COMP-USD	−0.0010%	1h	22.776	+0.159%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.620	−0.528%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.740	0.000%	$873K	$359K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.720	−0.088%	$4.3M	$6.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.740	0.000%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.720	−0.088%	$1.6M	$2.0M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.750	+0.044%	$223K	$57K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.760	+0.088%	$2.6M	$820K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTMlong	+0.0100%	8h	22.740	long leg	$457K	$89K	30x
Bitget COMPUSDT	+0.0100%	8h	22.720	−0.088%	$1.9M	$625K	75x	as long as short
BingX COMP-USDTshort	+0.0100%	8h	22.710	−0.132%	—	$34.7M	—
Variational Omni COMP	+0.0100%	8h	22.776	+0.158%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+0.836%	$18K	$45K	25x	as long as short