Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Hyperliquid−0.145%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$900.896% of the position

Long on Hyperliquid 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 7 days+0.095%+$10 · spread now −0.145%, 7d avg −0.102%

Together, before fees+0.070%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 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 0.043% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid COMP	22.773	0.0100	pay 0.0013% / 1h	10m 39s	$875K	$364K	5x
Short	Bitget COMPUSDT	22.740	0.0100	get 0.0100% / 8h	6h 10m	$1.9M	$626K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.102%: −$4.27
Slippage, 4 orders: −$68.57
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$93.84
Costs to cover: 0.896%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 39 min ago; Bitget: live order book, 1 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, 39 min ago	1.32 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.20 bp	20.7 bp −$21	55.4 bp −$554	doesn't fit	doesn't fit

COMP on 15 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	−0.0627%	1h	22.780	+0.031%	$333	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0620%	1h	22.817	+0.193%	$229K	$88K	20x	as long as short
dYdX COMP-USD	−0.0005%	1h	22.800	+0.119%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.620	−0.672%	$2K	$13K	12x	as long as short
Hyperliquid COMPlong	+0.0100%	1h	22.773	long leg	$875K	$364K	5x
Binance COMPUSDT	+0.0100%	8h	22.741	−0.139%	$4.3M	$6.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.769	−0.018%	$3.9M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.740	−0.145%	$1.6M	$2.0M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.780	+0.031%	$223K	$57K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.750	−0.101%	$2.6M	$820K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.790	+0.075%	$458K	$89K	30x	as long as short
Bitget COMPUSDTshort	+0.0100%	8h	22.740	−0.145%	$1.9M	$626K	75x
BingX COMP-USDT	+0.0100%	8h	22.760	−0.057%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.776	+0.013%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+0.689%	$18K	$45K	25x	as long as short