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 BingX−0.076%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1211.214% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days+0.110%+$11 · spread now −0.076%, 7d avg +0.009%

Together, before fees+0.142%+$14 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 0.086% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX COMP-USDT	22.290	0.0100	pay 0.0100% / 8h	2h 47m	—	$36.3M	—
Short	Bybit COMPUSDT	22.273	0.0100	get 0.0100% / 8h	2h 47m	$3.8M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → +0.009%: −$8.55
Slippage, 4 orders: −$100.45
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$130
Costs to cover: 1.214%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 5 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, 6 min ago	8.98 bp	22.3 bp −$22	51.5 bp −$515	394.3 bp −$39.4K	509.8 bp −$254.9K
Sell Bybit live order book, 5 min ago	4.49 bp	34.1 bp −$34	81.5 bp −$815	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	22.070	−0.987%	$4K	$12K	12x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.1095%	1h	22.280	−0.045%	$227	$229	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0851%	1h	22.316	+0.116%	$235K	$85K	20x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.390	+0.449%	$18K	$53K	25x	as long as short
dYdX COMP-USD	0.0000%	1h	22.300	+0.045%	$68K	—	5x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.307	+0.076%	$839K	$541K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.275	−0.067%	$4.2M	$8.2M	75x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.273	−0.076%	$3.8M	$2.2M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.270	−0.090%	$1.6M	$2.3M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.280	−0.045%	$218K	$83K	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	22.280	−0.045%	$2.8M	$801K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.300	+0.045%	$451K	$112K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.280	−0.045%	$1.9M	$772K	75x	as long as short
BingX COMP-USDTlong	+0.0100%	8h	22.290	long leg	—	$36.3M	—
Variational Omni COMP	+0.0100%	8h	22.270	−0.089%	$15K	$39K	—	as long as short
BloFin COMP-USDT	+0.0104%	8h	22.260	−0.135%	$238K	$155K	20x	as long as short