Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0739%/8h= −80.9% APRpaid last 24h −0.192%

Price spread now: Deribit against Bybit+0.036%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Deribit

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—needs both histories

The price spread pays, funding is against you. Deribit is 0.036% dearer against Bybit than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COMPUSDT	22.472	0.0100	pay 0.0100% / 8h	1h 32m	$3.8M	$1.7M	75x
Short	Deribit COMP_USDC-PERPETUAL	22.480	−0.0639	pay 0.0080% / 1h	32m 42s	$216	$439	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$155.17
Price spread: +0.036% → 0.000%: $3.56
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$169.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Deribit: 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 Bybit live order book, 5 min ago	4.45 bp	38.4 bp −$38	87.1 bp −$871	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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-PERPETUALshort	−0.0639%	1h	22.480	+0.036%	$216	$439	50x
Kraken Futures PF_COMPUSD	−0.0383%	1h	22.517	+0.198%	$223K	$95K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.490	+0.080%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.820	+1.549%	$1K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0082%	8h	22.480	+0.036%	$236K	$177K	20x	as long as short
MEXC COMP_USDT	+0.0084%	8h	22.470	−0.009%	$2.6M	$818K	20x	as long as short
Binance COMPUSDT	+0.0086%	8h	22.475	+0.012%	$4.2M	$6.6M	75x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.503	+0.138%	$810K	$339K	5x	as long as short
Bybit COMPUSDTlong	+0.0100%	8h	22.472	long leg	$3.8M	$1.7M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.470	−0.009%	$1.7M	$2.2M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate COMP_USDT	+0.0100%	8h	22.470	−0.009%	$219K	$59K	25x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.470	−0.009%	$404K	$113K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.470	−0.009%	$1.9M	$612K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.470	−0.009%	—	$34.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.456	−0.071%	$14K	$30K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0520%	1h	22.720	+1.104%	$17K	$43K	25x	as long as short