Funding arb · Price arb /

COMP

all COMP markets

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 OKX−0.131%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1231.229% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days+0.165%+$17 · spread now −0.131%, 7d avg +0.023%

Together, before fees+0.178%+$18 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 0.154% cheaper against OKX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COMP-USDT-SWAP	22.970	0.0100	pay 0.0100% / 8h	5h 22m	$1.7M	$2.1M	20x
Short	Bybit COMPUSDT	22.940	0.0100	get 0.0100% / 8h	5h 22m	$3.9M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → +0.023%: −$15.41
Slippage, 4 orders: −$101.88
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$138.29
Costs to cover: 1.229%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bybit: 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, 4 min ago	4.37 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.37 bp	34.9 bp −$35	78.5 bp −$785	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	−0.0622%	1h	22.910	−0.261%	$334	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0546%	1h	22.957	−0.059%	$230K	$89K	20x	as long as short
dYdX COMP-USD	−0.0083%	1h	22.960	−0.044%	$70K	—	5x	as long as short
BloFin COMP-USDT	+0.0073%	8h	22.930	−0.174%	$241K	$167K	20x	as long as short
MEXC COMP_USDT	+0.0088%	8h	22.920	−0.218%	$2.6M	$812K	20x	as long as short
Binance COMPUSDT	+0.0089%	8h	22.942	−0.123%	$4.3M	$6.7M	75x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.952	−0.078%	$882K	$359K	5x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.940	−0.131%	$3.9M	$1.9M	75x
OKX COMP-USDT-SWAPlong	+0.0100%	8h	22.970	long leg	$1.7M	$2.1M	20x
Gate COMP_USDT	+0.0100%	8h	22.930	−0.174%	$227K	$57K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.950	−0.087%	$461K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.930	−0.174%	$1.9M	$620K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.930	−0.174%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.885	−0.369%	$15K	$29K	—	as long as short
Injective COMP/USDC PERP	+0.0488%	1h	22.820	−0.653%	$1K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTX	+0.0584%	1h	22.980	+0.044%	$18K	$44K	25x	as long as short