This mutanze is danced on the spot.
Start by hopping on your right foot and swinging your left for one tempo; then reverse it by hopping on your left foot and swinging your right for one tempo.
Reverse
Compasso doesn't define a campanella, but other authors do.
"Campanella" means "little bell" - your leg is the clapper.
I'm not certain how much of the swing should come from the hip, and how much from the knee, when kicking backwards. From the knee can look cleaner: if from the hip, be sure the motion doesn't get any higher than the hip - don't waggle your upper body to counterbalance.
This step is like a series of zoppetti, alternating forwards and backwards.
Caroso often calls in his choreographies for "so many beats of the campanella in the manner of so many mezze riverenza": in that case I assume that both knees bend on the backwards beats, so that one lowers one's body a little. That needn't apply here, but the comparison to a meza riverenza gives an insight into the style of the step.
Alternating feet
The cadenza after Campanelle works best if the last "beat" is done with a kick forwards: so campanelle with even numbers of beats should start by going backwards, and those with odd numbers should start by going forwards. In this case, with four beats, we start with a kick backwards.
That can make swapping feet after the cadenza slightly odd. As always, the underlying rule is symmetry: what's done on the left should be repeated on the right.
On the spot, hopping on the right foot, kicking with the left foot.
And on the other side, kick right
Katherine Davies, 2016.
Campanelle (little bell) in place.
4. Le campanelle ferme.