Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.091%

Price spread now: OKX against Coinbase International−1.090%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 OKX

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 −$4 a day on $10k at the current rate, and OKX is 1.090% cheaper against Coinbase International than usual: you would sell low and buy high (−$109 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	22.930	0.0232	pay 0.0029% / 1h	9m 35s	$18K	$45K	25x
Short	OKX COMP-USDT-SWAP	22.680	0.0100	get 0.0100% / 8h	6h 09m	$1.6M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −1.090%Rate

Funding earned: −$27.72
Price spread: −1.090% → 0.000%: −$109.03
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$156.75
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	4.40 bp	21.1 bp −$21	997.5 bp −$9,975	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 15 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	−0.0630%	1h	22.720	−0.916%	$332	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0621%	1h	22.759	−0.744%	$228K	$88K	20x	as long as short
dYdX COMP-USD	−0.0005%	1h	22.776	−0.671%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.620	−1.352%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.716	−0.933%	$872K	$359K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.698	−1.013%	$4.3M	$6.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.731	−0.868%	$3.9M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAPshort	+0.0100%	8h	22.680	−1.090%	$1.6M	$2.0M	20x
Gate COMP_USDT	+0.0100%	8h	22.750	−0.785%	$223K	$57K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.700	−1.003%	$2.6M	$820K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.760	−0.741%	$457K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.690	−1.047%	$1.9M	$626K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.740	−0.829%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.776	−0.672%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTXlong	+0.0232%	1h	22.930	long leg	$18K	$45K	25x