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 Variational Omni+0.170%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.170% dearer against Variational Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni COMP	22.591	0.0100	pay 0.0100% / 8h	6h 52m	$15K	$31K	—
Short	Bybit COMPUSDT	22.630	0.0100	get 0.0100% / 8h	6h 52m	$3.8M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.170%Rate

Funding earned: $0
Price spread: +0.170% → 0.000%: $17.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $6.04
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	4.41 bp	35.2 bp −$35	78.0 bp −$780	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0634%	1h	22.600	+0.038%	$330	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0624%	1h	22.643	+0.229%	$227K	$90K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.616	+0.110%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.113%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.643	+0.228%	$866K	$418K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.621	+0.129%	$4.3M	$6.8M	75x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.630	+0.170%	$3.8M	$1.9M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.610	+0.082%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.560	−0.139%	$220K	$53K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.600	+0.038%	$2.6M	$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 COMPUSDTM	+0.0100%	8h	22.620	+0.126%	$455K	$92K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.630	+0.170%	$1.9M	$614K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.630	+0.170%	—	$34.7M	—	as long as short
Variational Omni COMPlong	+0.0100%	8h	22.591	long leg	$15K	$31K	—
BloFin COMP-USDT	+0.0105%	8h	22.560	−0.139%	$240K	$158K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+1.498%	$18K	$46K	25x	as long as short