Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Hyperliquid+0.031%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$940.939% of the position

Long on Hyperliquid 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 7 days−0.133%−$13 · spread now +0.031%, 7d avg −0.057%

Together, before fees−0.164%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 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 0.088% dearer against Hyperliquid than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid COMP	22.283	0.0100	pay 0.0013% / 1h	58m 07s	$838K	$542K	5x
Short	BingX COMP-USDT	22.290	0.0100	get 0.0100% / 8h	2h 58m	—	$36.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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 HyperliquidbpFee BingXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → −0.057%: $8.84
Slippage, 4 orders: −$74.9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$85.06
Costs to cover: 0.939%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 27 min ago; BingX: live order book, 11 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 Hyperliquid live order book, 27 min ago	2.23 bp	20.6 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	8.97 bp	22.5 bp −$22	52.6 bp −$526	372.9 bp −$37.3K	509.4 bp −$254.7K

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	22.330	+0.211%	$4K	$12K	12x	as long as short
Kraken Futures PF_COMPUSD	−0.0850%	1h	22.329	+0.206%	$235K	$86K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0198%	1h	22.290	+0.031%	$227	$229	50x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.420	+0.615%	$18K	$52K	25x	as long as short
dYdX COMP-USD	0.0000%	1h	22.320	+0.166%	$68K	—	5x	as long as short
BloFin COMP-USDT	+0.0090%	8h	22.300	+0.076%	$240K	$159K	20x	as long as short
Hyperliquid COMPlong	+0.0100%	1h	22.283	long leg	$838K	$542K	5x
Binance COMPUSDT	+0.0100%	8h	22.283	−0.001%	$4.2M	$8.3M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.288	+0.022%	$3.8M	$2.2M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.280	−0.013%	$1.6M	$2.4M	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_USDT	+0.0100%	8h	22.310	+0.121%	$219K	$82K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.290	+0.031%	$2.9M	$799K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.320	+0.166%	$452K	$112K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.290	+0.031%	$1.9M	$761K	75x	as long as short
BingX COMP-USDTshort	+0.0100%	8h	22.290	+0.031%	—	$36.3M	—
Variational Omni COMP	+0.0100%	8h	22.320	+0.168%	$15K	$39K	—	as long as short