Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.091%

Price spread now: Coinbase International against Bybit−0.061%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.061% cheaper against Bybit than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 37 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COMPUSDT	22.944	0.0100	pay 0.0100% / 8h	6h 25m	$3.9M	$2.0M	75x
Short	Coinbase International COMP-PERP-INTX	22.930	0.0232	get 0.0029% / 1h	25m 16s	$18K	$45K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.061%Rate

Funding earned: $27.72
Price spread: −0.061% → 0.000%: −$6.1
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $0.62
Costs to cover: 0.210%
Break-even: 6.8 days

Slippage unknown: Bybit: live order book, 2 min ago; Coinbase International: no order-book sample. Net counts fees only.

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 Bybit live order book, 2 min ago	4.39 bp	35.0 bp −$35	81.9 bp −$819	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COMP on 15 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	−0.0622%	1h	22.920	−0.105%	$335	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0616%	1h	22.966	+0.098%	$231K	$90K	20x	as long as short
dYdX COMP-USD	−0.0008%	1h	22.806	−0.601%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.620	−1.412%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.818	−0.549%	$877K	$363K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.930	−0.061%	$4.3M	$6.8M	75x	as long as short
Bybit COMPUSDTlong	+0.0100%	8h	22.944	long leg	$3.9M	$2.0M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.930	−0.061%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.930	−0.061%	$224K	$55K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.890	−0.235%	$2.6M	$819K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.830	−0.497%	$459K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.920	−0.105%	$1.9M	$627K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.930	−0.061%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.821	−0.535%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTXshort	+0.0232%	1h	22.930	−0.061%	$18K	$45K	25x