Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.030%

Price spread now: Binance against dYdX−0.381%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

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. Binance is 0.381% cheaper against dYdX than usual: you would sell low and buy high (spread −0.381% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$38 on $10k: about 12 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX COMP-USD	22.800	−0.0005	get 0.0001% / 1h	9m 58s	$69K	—	5x
Short	Binance COMPUSDT	22.713	0.0100	get 0.0100% / 8h	6h 09m	$4.3M	$6.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.381%Rate

Funding earned: $22.12
Price spread: −0.381% → 0.000%: −$38.06
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.94
Costs to cover: 0.200%
Break-even: 18.4 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 14 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	2.19 bp	15.8 bp −$16	53.1 bp −$531	doesn't fit	doesn't fit

dYdX: 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	−0.351%	$332	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0621%	1h	22.759	−0.178%	$228K	$88K	20x	as long as short
dYdX COMP-USDlong	−0.0005%	1h	22.800	long leg	$69K	—	5x
Injective COMP/USDC PERP	+0.0033%	1h	22.620	−0.789%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.733	−0.293%	$873K	$364K	5x	as long as short
Binance COMPUSDTshort	+0.0100%	8h	22.713	−0.381%	$4.3M	$6.8M	75x
Bybit COMPUSDT	+0.0100%	8h	22.751	−0.215%	$3.9M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.700	−0.439%	$1.6M	$2.0M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.760	−0.175%	$223K	$57K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.690	−0.482%	$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	−0.175%	$457K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.710	−0.395%	$1.9M	$626K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.740	−0.263%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.776	−0.105%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+0.570%	$18K	$45K	25x	as long as short