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: OKX against Bitget0.000%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1071.070% of the position

Long on Bitget Short on OKX

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−0.035%−$3 · spread now 0.000%, 7d avg +0.029%

Together, before fees−0.023%−$2 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: OKX is 0.029% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COMPUSDT	22.430	0.0100	pay 0.0100% / 8h	2h 17m	$1.9M	$600K	75x
Short	OKX COMP-USDT-SWAP	22.430	0.0100	get 0.0100% / 8h	2h 17m	$1.7M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.029%: −$2.9
Slippage, 4 orders: −$84.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$109.86
Costs to cover: 1.070%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; OKX: 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 Bitget live order book, 5 min ago	2.23 bp	25.5 bp −$25	89.7 bp −$897	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.23 bp	22.6 bp −$23	671.4 bp −$6,714	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	−0.0641%	1h	22.430	0.000%	$215	$439	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0531%	1h	22.473	+0.193%	$222K	$95K	20x	as long as short
dYdX COMP-USD	−0.0060%	1h	22.456	+0.114%	$68K	—	5x	as long as short
MEXC COMP_USDT	+0.0059%	8h	22.430	0.000%	$2.4M	$780K	20x	as long as short
Binance COMPUSDT	+0.0060%	8h	22.420	−0.045%	$4.2M	$6.6M	75x	as long as short
BloFin COMP-USDT	+0.0069%	8h	22.450	+0.089%	$237K	$176K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.444	+0.062%	$814K	$372K	5x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.442	+0.053%	$3.8M	$1.7M	75x	as long as short
OKX COMP-USDT-SWAPshort	+0.0100%	8h	22.430	0.000%	$1.7M	$2.2M	20x
Gate COMP_USDT	+0.0100%	8h	22.450	+0.089%	$220K	$58K	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	22.450	+0.089%	$406K	$111K	30x	as long as short
Bitget COMPUSDTlong	+0.0100%	8h	22.430	long leg	$1.9M	$600K	75x
BingX COMP-USDT	+0.0100%	8h	22.450	+0.089%	—	$34.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.381	−0.218%	$14K	$30K	—	as long as short
Injective COMP/USDC PERP	+0.0239%	1h	22.820	+1.739%	$1K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTX	+0.0384%	1h	22.980	+2.452%	$18K	$44K	25x	as long as short