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: Bitget against BingX+0.045%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$940.941% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.045%, 7d avg −0.044%

Together, before fees−0.004%$0 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: Bitget is 0.089% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX COMP-USDT	22.340	0.0100	pay 0.0100% / 8h	2h 55m	—	$36.3M	—
Short	Bitget COMPUSDT	22.350	0.0100	get 0.0100% / 8h	2h 55m	$1.9M	$771K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.044%: $8.88
Slippage, 4 orders: −$72.07
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$85.19
Costs to cover: 0.941%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Bitget: 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 BingX live order book, 13 min ago	8.97 bp	24.2 bp −$24	49.7 bp −$497	418.2 bp −$41.8K	542.7 bp −$271.3K
Sell Bitget live order book, 2 min ago	2.24 bp	28.4 bp −$28	65.4 bp −$654	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
Injective COMP/USDC PERP	−0.1289%	1h	22.260	−0.358%	$4K	$12K	12x	as long as short
Kraken Futures PF_COMPUSD	−0.0850%	1h	22.340	−0.001%	$235K	$85K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0647%	1h	22.280	−0.269%	$227	$229	50x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.320	−0.090%	$18K	$53K	25x	as long as short
dYdX COMP-USD	0.0000%	1h	22.290	−0.224%	$67K	—	5x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.358	+0.081%	$841K	$542K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.349	+0.041%	$4.2M	$8.3M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.334	−0.027%	$3.8M	$2.2M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.330	−0.045%	$1.6M	$2.4M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.310	−0.134%	$219K	$82K	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	22.340	0.000%	$2.9M	$799K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.310	−0.134%	$452K	$112K	30x	as long as short
Bitget COMPUSDTshort	+0.0100%	8h	22.350	+0.045%	$1.9M	$771K	75x
BingX COMP-USDTlong	+0.0100%	8h	22.340	long leg	—	$36.3M	—
Variational Omni COMP	+0.0100%	8h	22.275	−0.291%	$15K	$39K	—	as long as short
BloFin COMP-USDT	+0.0112%	8h	22.290	−0.224%	$239K	$155K	20x	as long as short