Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h +0.001%

Price spread now: Hyperliquid against BloFin−0.053%67s7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$820.823% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 3 days (all we have)+0.169%+$17 · spread now −0.053%, 7d avg +0.034%

Together, before fees+0.181%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.088% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.034%). Swap the legs. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin COMP-USDT	22.450	0.0127	pay 0.0127% / 8h	2h 18m	$238K	$149K	20x
Short	Hyperliquid COMP	22.438	0.0100	get 0.0013% / 1h	18m 12s	$841K	$518K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$5.77
Price spread: −0.053% → +0.034%: −$8.76
Slippage, 4 orders: −$61.32
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$96.86
Costs to cover: 0.823%
Break-even: never at this rate

Slippage from BloFin: live order book, 65 min ago; Hyperliquid: 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 BloFin live order book, 65 min ago	6.70 bp	12.7 bp −$13	33.2 bp −$332	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 2 min ago	1.78 bp	29.6 bp −$30	doesn't fit	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	−0.1531%	1h	22.420	−0.134%	$229	$229	50x	as long as short
Injective COMP/USDC PERP	−0.1289%	1h	22.280	−0.757%	$3K	$12K	12x	as long as short
Kraken Futures PF_COMPUSD	−0.0845%	1h	22.471	+0.092%	$236K	$84K	20x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.530	+0.356%	$18K	$53K	25x	as long as short
dYdX COMP-USD	0.0000%	1h	22.440	−0.045%	$68K	—	5x	as long as short
Hyperliquid COMPshort	+0.0100%	1h	22.438	−0.053%	$841K	$518K	5x
Binance COMPUSDT	+0.0100%	8h	22.418	−0.144%	$4.2M	$7.9M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.412	−0.169%	$3.8M	$2.1M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.410	−0.178%	$1.6M	$2.3M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.410	−0.178%	$219K	$83K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC COMP_USDT	+0.0100%	8h	22.420	−0.134%	$2.7M	$861K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.440	−0.045%	$453K	$102K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.440	−0.045%	$1.9M	$753K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.450	0.000%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.474	+0.106%	$15K	$37K	—	as long as short
BloFin COMP-USDTlong	+0.0127%	8h	22.450	long leg	$238K	$149K	20x