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: Variational Omni against Bybit+0.118%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.118% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COMPUSDT	22.310	0.0100	pay 0.0100% / 8h	2h 22m	$3.8M	$1.7M	75x
Short	Variational Omni COMP	22.336	0.0100	get 0.0100% / 8h	2h 22m	$14K	$30K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → 0.000%: $11.79
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.79
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 5 min ago; Variational Omni: 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, 5 min ago	4.48 bp	35.9 bp −$36	77.6 bp −$776	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
Deribit COMP_USDC-PERPETUAL	−0.0647%	1h	22.280	−0.134%	$214	$439	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0535%	1h	22.305	−0.022%	$221K	$95K	20x	as long as short
dYdX COMP-USD	−0.0070%	1h	22.326	+0.074%	$68K	—	5x	as long as short
MEXC COMP_USDT	+0.0054%	8h	22.310	0.000%	$2.4M	$779K	20x	as long as short
Binance COMPUSDT	+0.0054%	8h	22.300	−0.045%	$4.2M	$6.5M	75x	as long as short
BloFin COMP-USDT	+0.0058%	8h	22.290	−0.090%	$237K	$175K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.318	+0.036%	$810K	$372K	5x	as long as short
Bybit COMPUSDTlong	+0.0100%	8h	22.310	long leg	$3.8M	$1.7M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.300	−0.045%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.290	−0.090%	$219K	$58K	25x	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	22.320	+0.045%	$402K	$111K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.290	−0.090%	$1.9M	$600K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.320	+0.045%	—	$34.4M	—	as long as short
Variational Omni COMPshort	+0.0100%	8h	22.336	+0.118%	$14K	$30K	—
Injective COMP/USDC PERP	+0.0239%	1h	22.820	+2.286%	$1K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTX	+0.0384%	1h	22.980	+3.003%	$18K	$44K	25x	as long as short