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 OKX+0.088%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$930.931% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.088%, 7d avg −0.030%

Together, before fees−0.075%−$7 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 0.118% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COMP-USDT-SWAP	22.630	0.0100	pay 0.0100% / 8h	37m 25s	$1.6M	$2.2M	20x
Short	Bitget COMPUSDT	22.650	0.0100	get 0.0100% / 8h	37m 25s	$1.9M	$650K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → −0.030%: $11.81
Slippage, 4 orders: −$71.06
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$81.26
Costs to cover: 0.931%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 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 OKX live order book, 5 min ago	2.21 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.21 bp	23.4 bp −$23	52.6 bp −$526	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	22.658	+0.123%	$239K	$62K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0633%	1h	22.640	+0.044%	$331	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.650	+0.088%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.281%	$2K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0097%	8h	22.640	+0.044%	$238K	$151K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.654	+0.106%	$850K	$490K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.630	0.000%	$4.3M	$7.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.632	+0.009%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAPlong	+0.0100%	8h	22.630	long leg	$1.6M	$2.2M	20x
Gate COMP_USDT	+0.0100%	8h	22.610	−0.088%	$221K	$70K	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	22.640	+0.044%	$2.8M	$843K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.660	+0.133%	$457K	$94K	30x	as long as short
Bitget COMPUSDTshort	+0.0100%	8h	22.650	+0.088%	$1.9M	$650K	75x
BingX COMP-USDT	+0.0100%	8h	22.620	−0.044%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.647	+0.076%	$15K	$31K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0136%	1h	22.730	+0.442%	$17K	$54K	25x	as long as short