Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.093%

Price spread now: Coinbase International against Bitget−0.087%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.087% cheaper against Bitget than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COMPUSDT	22.920	0.0100	pay 0.0100% / 8h	7h 13m	$1.9M	$613K	75x
Short	Coinbase International COMP-PERP-INTX	22.900	0.0200	get 0.0025% / 1h	13m 56s	$18K	$51K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.087%Rate

Funding earned: $21
Price spread: −0.087% → 0.000%: −$8.73
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.73
Costs to cover: 0.220%
Break-even: 10.2 days

Slippage unknown: Bitget: live order book, 3 min ago; Coinbase International: 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 Bitget live order book, 3 min ago	2.19 bp	22.6 bp −$23	48.1 bp −$481	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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	−0.0672%	1h	22.930	+0.045%	$230K	$91K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0187%	1h	22.890	−0.131%	$334	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.906	−0.060%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−2.531%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.933	+0.057%	$876K	$417K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.915	−0.022%	$4.3M	$6.9M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.922	+0.009%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.910	−0.044%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.900	−0.087%	$223K	$64K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.910	−0.044%	$2.7M	$818K	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	22.930	+0.044%	$463K	$91K	30x	as long as short
Bitget COMPUSDTlong	+0.0100%	8h	22.920	long leg	$1.9M	$613K	75x
BingX COMP-USDT	+0.0100%	8h	22.910	−0.044%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.811	−0.474%	$15K	$31K	—	as long as short
BloFin COMP-USDT	+0.0129%	8h	22.840	−0.349%	$238K	$160K	20x	as long as short
Coinbase International COMP-PERP-INTXshort	+0.0200%	1h	22.900	−0.087%	$18K	$51K	25x