Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate−0.045%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$1911.906% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.045%, 7d avg +0.026%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.070% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COMP_USDT	22.280	0.0100	pay 0.0100% / 8h	2h 47m	$218K	$83K	25x
Short	BingX COMP-USDT	22.270	0.0100	get 0.0100% / 8h	2h 47m	—	$36.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.026%: −$7.05
Slippage, 4 orders: −$165.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$197.61
Costs to cover: 1.906%
Break-even: never at this rate

Slippage from Gate: live order book, 36 min ago; BingX: live order book, 6 min ago.

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 Gate live order book, 36 min ago	11.19 bp	71.4 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	8.98 bp	25.6 bp −$26	53.3 bp −$533	382.5 bp −$38.2K	526.3 bp −$263.1K

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
Injective COMP/USDC PERP	−0.1289%	1h	22.070	−0.943%	$4K	$12K	12x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.1094%	1h	22.290	+0.045%	$227	$229	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0851%	1h	22.319	+0.176%	$235K	$85K	20x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.390	+0.494%	$18K	$53K	25x	as long as short
dYdX COMP-USD	0.0000%	1h	22.300	+0.090%	$68K	—	5x	as long as short
BloFin COMP-USDT	+0.0093%	8h	22.290	+0.045%	$238K	$155K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.307	+0.121%	$839K	$541K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.275	−0.022%	$4.2M	$8.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.280	0.000%	$3.8M	$2.2M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.270	−0.045%	$1.6M	$2.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate COMP_USDTlong	+0.0100%	8h	22.280	long leg	$218K	$83K	25x
MEXC COMP_USDT	+0.0100%	8h	22.270	−0.045%	$2.8M	$801K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.300	+0.090%	$451K	$112K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.280	0.000%	$1.9M	$772K	75x	as long as short
BingX COMP-USDTshort	+0.0100%	8h	22.270	−0.045%	—	$36.3M	—
Variational Omni COMP	+0.0100%	8h	22.270	−0.044%	$15K	$39K	—	as long as short