Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.091%

Price spread now: BingX against Coinbase International−0.741%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on BingX

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

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BingX is 0.741% cheaper against Coinbase International than usual: you would sell low and buy high (−$74 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International COMP-PERP-INTX	22.930	0.0544	pay 0.0068% / 1h	49m 56s	$18K	$44K	25x
Short	BingX COMP-USDT	22.760	0.0100	get 0.0100% / 8h	4h 49m	—	$34.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.741%Rate

Funding earned: −$93.24
Price spread: −0.741% → 0.000%: −$74.14
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$187.38
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 4 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	6.57 bp	23.6 bp −$24	52.3 bp −$523	402.9 bp −$40.3K	524.5 bp −$262.2K

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 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	−0.0628%	1h	22.750	−0.785%	$332	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0184%	1h	22.771	−0.693%	$226K	$93K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.786	−0.628%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0022%	1h	22.890	−0.174%	$1K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0073%	8h	22.790	−0.611%	$242K	$166K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.772	−0.689%	$873K	$359K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.738	−0.837%	$4.3M	$6.7M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.759	−0.746%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.770	−0.698%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.760	−0.741%	$225K	$51K	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	22.740	−0.829%	$2.5M	$823K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.770	−0.698%	$459K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.750	−0.785%	$1.9M	$621K	75x	as long as short
BingX COMP-USDTshort	+0.0100%	8h	22.760	−0.741%	—	$34.7M	—
Variational Omni COMP	+0.0100%	8h	22.781	−0.650%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTXlong	+0.0544%	1h	22.930	long leg	$18K	$44K	25x