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: Bitget against KuCoin0.000%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$539as in the Funding arb table

Net, price: spread back to 7d avg − costs−$531as in the Price arb table

costs, in and out, $10k−$5375.368% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now 0.000%, 7d avg −0.060%

Together, before fees−0.037%−$4 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: Bitget is 0.060% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.650	0.0100	pay 0.0100% / 8h	35m 22s	$457K	$94K	30x
Short	Bitget COMPUSDT	22.650	0.0100	get 0.0100% / 8h	35m 22s	$1.9M	$647K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.060%: $6.04
Slippage, 4 orders: −$512.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$530.77
Costs to cover: 5.368%
Break-even: never at this rate

Slippage from KuCoin: live order book, 27 min ago; Bitget: live order book, 2 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, 27 min ago	11.11 bp	340.6 bp −$341	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.21 bp	18.5 bp −$18	51.4 bp −$514	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	−0.0722%	1h	22.652	+0.007%	$239K	$62K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0633%	1h	22.630	−0.088%	$330	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.650	0.000%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.369%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.635	−0.066%	$849K	$490K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.620	−0.132%	$4.2M	$7.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.621	−0.128%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.620	−0.132%	$1.6M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.610	−0.177%	$221K	$70K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.620	−0.132%	$2.7M	$843K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTMlong	+0.0100%	8h	22.650	long leg	$457K	$94K	30x
Bitget COMPUSDTshort	+0.0100%	8h	22.650	0.000%	$1.9M	$647K	75x
BingX COMP-USDT	+0.0100%	8h	22.630	−0.088%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.612	−0.166%	$15K	$31K	—	as long as short
BloFin COMP-USDT	+0.0105%	8h	22.610	−0.177%	$238K	$149K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0136%	1h	22.730	+0.353%	$17K	$54K	25x	as long as short