Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.189%

Price spread now: BingX against Deribit−0.089%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on BingX

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

Funding pays, the price is against you. BingX is 0.089% cheaper against Deribit than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 24 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit COMP_USDC-PERPETUAL	22.440	−0.0195	get 0.0024% / 1h	19m 58s	$215	$439	50x
Short	BingX COMP-USDT	22.420	0.0100	get 0.0100% / 8h	2h 19m	—	$34.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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 DeribitbpFee BingXbpOrdersPrice spread, now −0.089%Rate

Funding earned: $62.04
Price spread: −0.089% → 0.000%: −$8.91
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $36.13
Costs to cover: 0.170%
Break-even: 2.9 days

Slippage unknown: Deribit: 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 Deribit no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	4.49 bp	19.9 bp −$20	51.9 bp −$519	380.1 bp −$38.0K	500.5 bp −$250.3K

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	−0.0532%	1h	22.457	+0.076%	$222K	$95K	20x	as long as short
Deribit COMP_USDC-PERPETUALlong	−0.0195%	1h	22.440	long leg	$215	$439	50x
dYdX COMP-USD	−0.0064%	1h	22.436	−0.018%	$68K	—	5x	as long as short
MEXC COMP_USDT	+0.0055%	8h	22.420	−0.089%	$2.4M	$779K	20x	as long as short
Binance COMPUSDT	+0.0055%	8h	22.430	−0.045%	$4.2M	$6.6M	75x	as long as short
BloFin COMP-USDT	+0.0082%	8h	22.380	−0.267%	$238K	$175K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.452	+0.053%	$815K	$372K	5x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.440	0.000%	$3.8M	$1.7M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.440	0.000%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.400	−0.178%	$220K	$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	22.430	−0.045%	$406K	$111K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.430	−0.045%	$1.9M	$599K	75x	as long as short
BingX COMP-USDTshort	+0.0100%	8h	22.420	−0.089%	—	$34.4M	—
Variational Omni COMP	+0.0100%	8h	22.381	−0.263%	$14K	$30K	—	as long as short
Injective COMP/USDC PERP	+0.0239%	1h	22.820	+1.693%	$1K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTX	+0.0384%	1h	22.980	+2.406%	$18K	$44K	25x	as long as short