Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against OKX−0.018%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1351.346% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.018%, 7d avg +0.024%

Together, before fees+0.065%+$7 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: Bybit is 0.041% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COMP-USDT-SWAP	22.510	0.0100	pay 0.0100% / 8h	2h 23m	$1.6M	$2.3M	20x
Short	Bybit COMPUSDT	22.506	0.0100	get 0.0100% / 8h	2h 23m	$3.8M	$2.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → +0.024%: −$4.14
Slippage, 4 orders: −$113.63
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$138.77
Costs to cover: 1.346%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago	2.22 bp	24.5 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.22 bp	40.0 bp −$40	89.8 bp −$898	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	−0.1525%	1h	22.500	−0.044%	$229	$229	50x	as long as short
Injective COMP/USDC PERP	−0.1289%	1h	22.190	−1.422%	$3K	$12K	12x	as long as short
Kraken Futures PF_COMPUSD	−0.0842%	1h	22.546	+0.160%	$237K	$84K	20x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.470	−0.178%	$18K	$53K	25x	as long as short
dYdX COMP-USD	0.0000%	1h	22.599	+0.396%	$68K	—	5x	as long as short
BloFin COMP-USDT	+0.0073%	8h	22.530	+0.089%	$237K	$150K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.517	+0.031%	$845K	$518K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.500	−0.044%	$4.2M	$8.0M	75x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.506	−0.018%	$3.8M	$2.1M	75x
OKX COMP-USDT-SWAPlong	+0.0100%	8h	22.510	long leg	$1.6M	$2.3M	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate COMP_USDT	+0.0100%	8h	22.530	+0.089%	$221K	$83K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.490	−0.089%	$2.6M	$847K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.520	+0.044%	$455K	$103K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.530	+0.089%	$1.9M	$756K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.510	0.000%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.514	+0.019%	$15K	$37K	—	as long as short