Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.098%

Price spread now: Bybit against Coinbase International−0.400%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 Bybit

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 −$1 a day on $10k at the current rate, and Bybit is 0.400% cheaper against Coinbase International than usual: you would sell low and buy high (−$40 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	22.730	0.0136	pay 0.0017% / 1h	3m 41s	$17K	$51K	25x
Short	Bybit COMPUSDT	22.639	0.0100	get 0.0100% / 8h	3m 41s	$3.8M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.400%Rate

Funding earned: −$7.56
Price spread: −0.400% → 0.000%: −$40.04
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.6
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Bybit: 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 Bybit live order book, 4 min ago	4.44 bp	31.7 bp −$32	78.8 bp −$788	doesn't fit	doesn't fit

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
Kraken Futures PF_COMPUSD	−0.0722%	1h	22.640	−0.397%	$227K	$91K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0192%	1h	22.610	−0.528%	$330	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.617	−0.498%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.716%	$2K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0080%	8h	22.550	−0.792%	$236K	$149K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.625	−0.462%	$849K	$409K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.625	−0.464%	$4.2M	$7.0M	75x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.639	−0.400%	$3.8M	$1.9M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.610	−0.528%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.580	−0.660%	$220K	$71K	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	22.610	−0.528%	$2.8M	$850K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.610	−0.528%	$456K	$91K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.610	−0.528%	$1.9M	$618K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.610	−0.528%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.517	−0.937%	$15K	$31K	—	as long as short
Coinbase International COMP-PERP-INTXlong	+0.0136%	1h	22.730	long leg	$17K	$51K	25x