Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.031%

Price spread now: dYdX against BingX+0.111%7-day average — · you sell dearer than you buy

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

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.111% dearer against BingX than usual: you sell high and buy low (spread +0.111% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX COMP-USDT	22.810	0.0100	pay 0.0100% / 8h	3h 51m	—	$34.7M	—
Short	dYdX COMP-USD	22.835	0	get 0.0000% / 1h	51m 36s	$69K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. 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 BingXbpFee dYdXbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$21
Price spread: +0.111% → 0.000%: $11.15
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$29.85
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 min ago; dYdX: no order-book sample. 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 BingX live order book, 2 min ago	4.39 bp	18.9 bp −$19	45.3 bp −$453	382.0 bp −$38.2K	490.8 bp −$245.4K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Kraken Futures PF_COMPUSD	−0.0282%	1h	22.807	−0.014%	$226K	$94K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0189%	1h	22.790	−0.088%	$333	$327	50x	as long as short
dYdX COMP-USDshort	0.0000%	1h	22.835	+0.111%	$69K	—	5x
BloFin COMP-USDT	+0.0079%	8h	22.760	−0.219%	$245K	$165K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.836	+0.114%	$875K	$347K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.807	−0.015%	$4.3M	$6.3M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.831	+0.092%	$3.9M	$1.8M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.830	+0.088%	$1.8M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.810	0.000%	$222K	$53K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.800	−0.044%	$2.5M	$811K	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	22.840	+0.132%	$462K	$87K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.820	+0.044%	$1.9M	$577K	75x	as long as short
BingX COMP-USDTlong	+0.0100%	8h	22.810	long leg	—	$34.7M	—
Variational Omni COMP	+0.0100%	8h	22.831	+0.092%	$14K	$30K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0408%	1h	22.980	+0.745%	$18K	$44K	25x	as long as short
Injective COMP/USDC PERP	+0.0542%	1h	22.820	+0.044%	$1K	$13K	12x	as long as short