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: Bybit against KuCoin+0.027%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$291as in the Funding arb table

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$2912.915% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.027%, 7d avg −0.013%

Together, before fees−0.001%$0 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: Bybit is 0.040% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.480	0.0100	pay 0.0100% / 8h	2h 14m	$406K	$111K	30x
Short	Bybit COMPUSDT	22.486	0.0100	get 0.0100% / 8h	2h 14m	$3.8M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.013%: $3.96
Slippage, 4 orders: −$268.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$287.52
Costs to cover: 2.915%
Break-even: never at this rate

Slippage from KuCoin: live order book, 44 min ago; Bybit: live order book, 3 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 KuCoin live order book, 44 min ago	13.35 bp	77.6 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.23 bp	30.8 bp −$31	75.4 bp −$754	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	−0.0638%	1h	22.490	+0.044%	$216	$439	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0530%	1h	22.519	+0.173%	$223K	$95K	20x	as long as short
dYdX COMP-USD	−0.0056%	1h	22.486	+0.027%	$68K	—	5x	as long as short
BloFin COMP-USDT	+0.0046%	8h	22.440	−0.178%	$235K	$176K	20x	as long as short
MEXC COMP_USDT	+0.0060%	8h	22.480	0.000%	$2.4M	$790K	20x	as long as short
Binance COMPUSDT	+0.0061%	8h	22.480	0.000%	$4.2M	$6.6M	75x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.498	+0.080%	$816K	$374K	5x	as long as short
Bybit COMPUSDTshort	+0.0100%	8h	22.486	+0.027%	$3.8M	$1.7M	75x
OKX COMP-USDT-SWAP	+0.0100%	8h	22.500	+0.089%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.470	−0.044%	$220K	$58K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTMlong	+0.0100%	8h	22.480	long leg	$406K	$111K	30x
Bitget COMPUSDT	+0.0100%	8h	22.480	0.000%	$1.9M	$600K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.480	0.000%	—	$34.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.426	−0.239%	$14K	$30K	—	as long as short
Injective COMP/USDC PERP	+0.0239%	1h	22.820	+1.512%	$1K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTX	+0.0384%	1h	22.980	+2.224%	$18K	$44K	25x	as long as short