Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against BingX−0.013%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on BingX Short on Hyperliquid

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+0.105%+$10 · spread now −0.013%, 7d avg +0.057%

Together, before fees+0.136%+ Points / potential airdropHyperliquid: Season 2 · farm board+$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: Hyperliquid is 0.070% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX COMP-USDT	22.380	0.0100	pay 0.0100% / 8h	2h 12m	—	$36.4M	—
Short	Hyperliquid COMP	22.377	0.0100	get 0.0013% / 1h	12m 37s	$839K	$519K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.057%: −$7
Slippage, 4 orders: −$65.84
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$91.84
Costs to cover: 0.848%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Hyperliquid: live order book, 7 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, 11 min ago	6.67 bp	22.0 bp −$22	49.8 bp −$498	390.0 bp −$39.0K	524.5 bp −$262.3K
Sell Hyperliquid live order book, 7 min ago	1.78 bp	29.6 bp −$30	doesn't fit	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	−0.1536%	1h	22.360	−0.089%	$326	$327	50x	as long as short
Injective COMP/USDC PERP	−0.1289%	1h	22.200	−0.804%	$3K	$12K	12x	as long as short
Kraken Futures PF_COMPUSD	−0.0847%	1h	22.407	+0.121%	$236K	$84K	20x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.530	+0.670%	$18K	$53K	25x	as long as short
dYdX COMP-USD	0.0000%	1h	22.410	+0.134%	$68K	—	5x	as long as short
Hyperliquid COMPshort	+0.0100%	1h	22.377	−0.013%	$839K	$519K	5x
Binance COMPUSDT	+0.0100%	8h	22.350	−0.134%	$4.2M	$7.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.360	−0.089%	$3.8M	$2.1M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.350	−0.134%	$1.6M	$2.3M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.340	−0.179%	$219K	$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	22.350	−0.134%	$2.7M	$864K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.370	−0.045%	$452K	$102K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.390	+0.045%	$1.9M	$753K	75x	as long as short
BingX COMP-USDTlong	+0.0100%	8h	22.380	long leg	—	$36.4M	—
Variational Omni COMP	+0.0100%	8h	22.414	+0.152%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0122%	8h	22.340	−0.179%	$238K	$149K	20x	as long as short