Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against OKX+0.044%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$870.867% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.044%, 7d avg +0.018%

Together, before fees−0.054%−$5 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: BingX is 0.027% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COMP-USDT-SWAP	22.530	0.0100	pay 0.0100% / 8h	7h 51m	$1.7M	$2.3M	20x
Short	BingX COMP-USDT	22.540	0.0100	get 0.0100% / 8h	7h 51m	—	$14.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.018%: $2.67
Slippage, 4 orders: −$66.7
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$84.03
Costs to cover: 0.867%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; BingX: live order book, 2 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 OKX live order book, 5 min ago	4.45 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	4.43 bp	21.6 bp −$22	51.5 bp −$515	360.1 bp −$36.0K	498.7 bp −$249.3K

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	−0.1082%	1h	22.490	−0.178%	$283	$507	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0474%	1h	22.527	−0.012%	$222K	$96K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.556	+0.116%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.820	+1.287%	$1K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.532	+0.009%	$814K	$340K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.510	−0.089%	$4.2M	$6.6M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.510	−0.089%	$3.8M	$1.7M	75x	as long as short
OKX COMP-USDT-SWAPlong	+0.0100%	8h	22.530	long leg	$1.7M	$2.3M	20x
Gate COMP_USDT	+0.0100%	8h	22.540	+0.044%	$220K	$58K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.510	−0.089%	$2.6M	$819K	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	22.540	+0.044%	$407K	$112K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.520	−0.044%	$1.9M	$615K	75x	as long as short
BingX COMP-USDTshort	+0.0100%	8h	22.540	+0.044%	—	$14.1M	—
Variational Omni COMP	+0.0100%	8h	22.471	−0.261%	$14K	$24K	—	as long as short
BloFin COMP-USDT	+0.0121%	8h	22.460	−0.311%	$235K	$177K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0792%	1h	22.620	+0.399%	$16K	$43K	25x	as long as short