Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.187%

Price spread now: Deribit against Bybit−0.004%45s7-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 Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COMPUSDT	22.601	0.0100	pay 0.0100% / 8h	2h 55m	$3.9M	$1.7M	75x
Short	Deribit COMP_USDC-PERPETUAL	22.600	−0.0192	pay 0.0024% / 1h	55m 23s	$217	$439	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$61.38
Price spread: −0.004% → 0.000%: −$0.44
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$79.82
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Deribit: 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	4.43 bp	37.5 bp −$38	81.0 bp −$810	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 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
Kraken Futures PF_COMPUSD	−0.0528%	1h	22.622	+0.093%	$224K	$94K	20x	as long as short
Deribit COMP_USDC-PERPETUALshort	−0.0192%	1h	22.600	−0.004%	$217	$439	50x
dYdX COMP-USD	0.0000%	1h	22.585	−0.069%	$68K	—	5x	as long as short
BloFin COMP-USDT	+0.0090%	8h	22.540	−0.270%	$241K	$173K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.581	−0.088%	$865K	$345K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.569	−0.141%	$4.3M	$6.3M	75x	as long as short
Bybit COMPUSDTlong	+0.0100%	8h	22.601	long leg	$3.9M	$1.7M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.560	−0.181%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.590	−0.049%	$219K	$55K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.570	−0.137%	$2.4M	$776K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.580	−0.093%	$421K	$104K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.560	−0.181%	$1.9M	$581K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.600	−0.004%	—	$34.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.601	0.000%	$14K	$30K	—	as long as short
Injective COMP/USDC PERP	+0.0239%	1h	22.820	+0.969%	$1K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTX	+0.0384%	1h	22.980	+1.677%	$18K	$44K	25x	as long as short