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: Bybit against KuCoin+0.093%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$439as in the Funding arb table

Net, price: spread back to 7d avg − costs−$429as in the Price arb table

costs, in and out, $10k−$4394.391% of the position

Long on KuCoin 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)−0.044%−$4 · spread now +0.093%, 7d avg −0.013%

Together, before fees−0.044%−$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: Bybit is 0.106% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.670	0.0100	pay 0.0100% / 8h	3h 13m	$459K	$87K	30x
Short	Bybit COMPUSDT	22.691	0.0100	get 0.0100% / 8h	3h 13m	$3.9M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → −0.013%: $10.59
Slippage, 4 orders: −$416.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$428.55
Costs to cover: 4.391%
Break-even: never at this rate

Slippage from KuCoin: live order book, 60 min ago; Bybit: live order book, 4 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, 60 min ago	6.53 bp	196.5 bp −$196	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.20 bp	31.2 bp −$31	77.2 bp −$772	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
Deribit COMP_USDC-PERPETUAL	−0.1073%	1h	22.640	−0.132%	$331	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0284%	1h	22.674	+0.019%	$225K	$94K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.675	+0.024%	$69K	—	5x	as long as short
BloFin COMP-USDT	+0.0086%	8h	22.640	−0.132%	$242K	$174K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.674	+0.018%	$868K	$345K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.646	−0.107%	$4.3M	$6.3M	75x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.691	+0.093%	$3.9M	$1.7M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.660	−0.044%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.680	+0.044%	$221K	$55K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.640	−0.132%	$2.5M	$815K	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	22.670	long leg	$459K	$87K	30x
Bitget COMPUSDT	+0.0100%	8h	22.660	−0.044%	$1.9M	$572K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.670	0.000%	—	$34.6M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.701	+0.137%	$14K	$30K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0408%	1h	22.980	+1.367%	$18K	$44K	25x	as long as short
Injective COMP/USDC PERP	+0.0542%	1h	22.820	+0.662%	$1K	$13K	12x	as long as short