Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Gate−0.177%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2052.053% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.177%, 7d avg −0.015%

Together, before fees+0.084%+$8 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: Bitget is 0.162% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COMP_USDT	22.610	0.0100	pay 0.0100% / 8h	6h 54m	$220K	$53K	25x
Short	Bitget COMPUSDT	22.570	0.0100	get 0.0100% / 8h	6h 54m	$1.9M	$620K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.177%Rate

Funding earned: $0
Price spread: −0.177% → −0.015%: −$16.18
Slippage, 4 orders: −$178.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$221.48
Costs to cover: 2.053%
Break-even: never at this rate

Slippage from Gate: live order book, 7 min ago; Bitget: live order book, 2 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, 7 min ago	6.61 bp	68.8 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.41 bp	29.7 bp −$30	78.4 bp −$784	doesn't fit	doesn't fit

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	−0.0635%	1h	22.580	−0.133%	$330	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0625%	1h	22.612	+0.011%	$227K	$90K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.620	+0.044%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.194%	$2K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0070%	8h	22.550	−0.265%	$238K	$158K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.604	−0.027%	$865K	$419K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.580	−0.133%	$4.3M	$6.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.580	−0.133%	$3.8M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.570	−0.177%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDTlong	+0.0100%	8h	22.610	long leg	$220K	$53K	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC COMP_USDT	+0.0100%	8h	22.570	−0.177%	$2.6M	$814K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.610	0.000%	$454K	$92K	30x	as long as short
Bitget COMPUSDTshort	+0.0100%	8h	22.570	−0.177%	$1.9M	$620K	75x
BingX COMP-USDT	+0.0100%	8h	22.580	−0.133%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.591	−0.082%	$15K	$31K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+1.415%	$18K	$46K	25x	as long as short