Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.031%

Price spread now: Bybit against dYdX−0.069%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

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. Bybit is 0.069% cheaper against dYdX than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.3 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	dYdX COMP-USD	22.846	0	get 0.0000% / 1h	45m 30s	$69K	—	5x
Short	Bybit COMPUSDT	22.830	0.0100	get 0.0100% / 8h	4h 45m	$3.9M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against dYdX. 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 dYdXbpFee BybitbpOrdersPrice spread, now −0.069%Rate

Funding earned: $21
Price spread: −0.069% → 0.000%: −$6.85
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.85
Costs to cover: 0.210%
Break-even: 9.3 days

Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 2 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 dYdX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	4.39 bp	27.8 bp −$28	74.5 bp −$745	doesn't fit	doesn't fit

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
Deribit COMP_USDC-PERPETUAL	−0.0626%	1h	22.820	−0.112%	$333	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0184%	1h	22.840	−0.026%	$226K	$93K	20x	as long as short
dYdX COMP-USDlong	0.0000%	1h	22.846	long leg	$69K	—	5x
Injective COMP/USDC PERP	+0.0022%	1h	22.890	+0.194%	$1K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0080%	8h	22.770	−0.331%	$244K	$166K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.843	−0.012%	$876K	$359K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.810	−0.156%	$4.3M	$6.7M	75x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.830	−0.069%	$3.9M	$1.9M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.860	+0.063%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.790	−0.244%	$226K	$51K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC COMP_USDT	+0.0100%	8h	22.810	−0.156%	$2.5M	$824K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.820	−0.112%	$459K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.810	−0.156%	$1.9M	$622K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.840	−0.025%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.811	−0.153%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0544%	1h	22.850	+0.019%	$18K	$44K	25x	as long as short