Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.087%

Price spread now: BloFin against Coinbase International−2.132%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 2.132% cheaper against Coinbase International than usual: you would sell low and buy high (−$213 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International COMP-PERP-INTX	22.980	0.0384	pay 0.0048% / 1h	40m 38s	$18K	$44K	25x
Short	BloFin COMP-USDT	22.490	0.0094	get 0.0094% / 8h	2h 40m	$239K	$173K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −2.132%Rate

Funding earned: −$61
Price spread: −2.132% → 0.000%: −$213.23
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$296.23
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; BloFin: live order book, 41 min ago. Net counts fees only.

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 Coinbase International no order-book sample	—	—	—	—	—
Sell BloFin live order book, 41 min ago	6.63 bp	17.6 bp −$18	37.9 bp −$379	287.1 bp −$28.7K	doesn't fit

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0639%	1h	22.470	−2.219%	$216	$439	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0531%	1h	22.493	−2.118%	$222K	$94K	20x	as long as short
dYdX COMP-USD	−0.0132%	1h	22.440	−2.350%	$68K	—	5x	as long as short
Binance COMPUSDT	+0.0089%	8h	22.420	−2.437%	$4.2M	$6.3M	75x	as long as short
BloFin COMP-USDTshort	+0.0094%	8h	22.490	−2.132%	$239K	$173K	20x
MEXC COMP_USDT	+0.0096%	8h	22.420	−2.437%	$2.4M	$777K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.438	−2.359%	$859K	$345K	5x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.406	−2.498%	$3.8M	$1.7M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.440	−2.350%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.430	−2.393%	$219K	$55K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.440	−2.350%	$405K	$110K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.420	−2.437%	$1.9M	$587K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.440	−2.350%	—	$34.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.472	−2.213%	$14K	$30K	—	as long as short
Injective COMP/USDC PERP	+0.0239%	1h	22.820	−0.696%	$1K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTXlong	+0.0384%	1h	22.980	long leg	$18K	$44K	25x