Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0735%/8h= +80.5% APRpaid last 24h +0.187%

Price spread now: Bybit against Deribit0.000%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Bybit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$22 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit COMP_USDC-PERPETUAL	22.570	−0.0635	get 0.0079% / 1h	42m 41s	$217	$439	50x
Short	Bybit COMPUSDT	22.570	0.0100	get 0.0100% / 8h	42m 41s	$3.8M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $154.42
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $136.42
Costs to cover: 0.180%
Break-even: 0.8 days

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	4.42 bp	33.1 bp −$33	78.9 bp −$789	doesn't fit	doesn't fit

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
Deribit COMP_USDC-PERPETUALlong	−0.0635%	1h	22.570	long leg	$217	$439	50x
Injective COMP/USDC PERP	+0.0033%	1h	22.820	+1.108%	$1K	$13K	12x	as long as short
Kraken Futures PF_COMPUSD	+0.0070%	1h	22.595	+0.110%	$223K	$95K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.571	+0.004%	$813K	$337K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.570	0.000%	$4.2M	$6.6M	75x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.570	0.000%	$3.8M	$1.7M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.570	0.000%	$1.7M	$2.3M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.600	+0.133%	$220K	$57K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.560	−0.044%	$2.6M	$820K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.570	0.000%	$408K	$114K	30x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget COMPUSDT	+0.0100%	8h	22.560	−0.044%	$1.9M	$611K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.580	+0.044%	—	$14.1M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.606	+0.158%	$14K	$28K	—	as long as short
BloFin COMP-USDT	+0.0129%	8h	22.570	0.000%	$234K	$178K	20x	as long as short
dYdX COMP-USD	+0.0206%	1h	22.595	+0.113%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0864%	1h	22.680	+0.487%	$16K	$44K	25x	as long as short