Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h −0.113%

Price spread now: KuCoin against Coinbase International−0.402%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 KuCoin

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

Funding pays, the price is against you. KuCoin is 0.402% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.402% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 11 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International COMP-PERP-INTX	22.390	−0.0024	get 0.0003% / 1h	48m 53s	$18K	$53K	25x
Short	KuCoin COMPUSDTM	22.300	0.0100	get 0.0100% / 8h	2h 48m	$451K	$112K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.402%Rate

Funding earned: $26.04
Price spread: −0.402% → 0.000%: −$40.2
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$36.16
Costs to cover: 0.220%
Break-even: 16.7 days

Slippage unknown: Coinbase International: no order-book sample; KuCoin: live order book, 33 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 KuCoin live order book, 33 min ago	26.79 bp	265.6 bp −$266	doesn't fit	doesn't fit	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
Injective COMP/USDC PERP	−0.1289%	1h	22.070	−1.429%	$4K	$12K	12x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.1094%	1h	22.290	−0.447%	$227	$229	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0850%	1h	22.331	−0.264%	$235K	$85K	20x	as long as short
Coinbase International COMP-PERP-INTXlong	−0.0024%	1h	22.390	long leg	$18K	$53K	25x
dYdX COMP-USD	0.0000%	1h	22.300	−0.402%	$68K	—	5x	as long as short
BloFin COMP-USDT	+0.0093%	8h	22.290	−0.447%	$238K	$155K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.316	−0.331%	$839K	$541K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.290	−0.447%	$4.2M	$8.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.290	−0.447%	$3.8M	$2.2M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.260	−0.581%	$1.6M	$2.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate COMP_USDT	+0.0100%	8h	22.280	−0.491%	$218K	$83K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.280	−0.491%	$2.8M	$801K	20x	as long as short
KuCoin COMPUSDTMshort	+0.0100%	8h	22.300	−0.402%	$451K	$112K	30x
Bitget COMPUSDT	+0.0100%	8h	22.280	−0.491%	$1.9M	$770K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.290	−0.447%	—	$36.3M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.270	−0.535%	$15K	$39K	—	as long as short