Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.040%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$291as in the Funding arb table

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$2912.908% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.040%, 7d avg +0.013%

Together, before fees−0.065%−$7 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: KuCoin is 0.027% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COMPUSDT	22.651	0.0100	pay 0.0100% / 8h	1h 56m	$3.9M	$1.7M	75x
Short	KuCoin COMPUSDTM	22.660	0.0100	get 0.0100% / 8h	1h 56m	$407K	$111K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.013%: $2.68
Slippage, 4 orders: −$267.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$288.17
Costs to cover: 2.908%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 62 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 Bybit live order book, 1 min ago	4.42 bp	34.0 bp −$34	81.4 bp −$814	doesn't fit	doesn't fit
Sell KuCoin live order book, 62 min ago	13.35 bp	145.2 bp −$145	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	−0.1074%	1h	22.630	−0.093%	$217	$439	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0381%	1h	22.655	+0.016%	$224K	$95K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.640	−0.049%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.820	+0.746%	$1K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0054%	8h	22.560	−0.402%	$235K	$177K	20x	as long as short
MEXC COMP_USDT	+0.0082%	8h	22.630	−0.093%	$2.6M	$815K	20x	as long as short
Binance COMPUSDT	+0.0086%	8h	22.630	−0.091%	$4.2M	$6.6M	75x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.644	−0.032%	$815K	$377K	5x	as long as short
Bybit COMPUSDTlong	+0.0100%	8h	22.651	long leg	$3.9M	$1.7M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.650	−0.004%	$1.7M	$2.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate COMP_USDT	+0.0100%	8h	22.660	+0.040%	$221K	$59K	25x	as long as short
KuCoin COMPUSDTMshort	+0.0100%	8h	22.660	+0.040%	$407K	$111K	30x
Bitget COMPUSDT	+0.0100%	8h	22.640	−0.049%	$1.9M	$613K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.650	−0.004%	—	$34.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.566	−0.376%	$14K	$30K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0520%	1h	22.720	+0.305%	$17K	$43K	25x	as long as short