Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Gate against dYdX−0.045%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 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. Gate is 0.045% cheaper against dYdX than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 36 hours 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	22.330	0	get 0.0000% / 1h	57m 19s	$68K	—	5x
Short	Gate COMP_USDT	22.320	0.0100	get 0.0100% / 8h	1h 57m	$218K	$78K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.045%Rate

Funding earned: $21
Price spread: −0.045% → 0.000%: −$4.48
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$8.48
Costs to cover: 0.250%
Break-even: 9.8 days

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 19 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 Gate live order book, 19 min ago	11.16 bp	104.4 bp −$104	doesn't fit	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 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
Kraken Futures PF_COMPUSD	−0.0863%	1h	22.412	+0.369%	$236K	$83K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0643%	1h	22.370	+0.179%	$327	$327	50x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	+0.045%	$2K	$13K	12x	as long as short
dYdX COMP-USDlong	0.0000%	1h	22.330	long leg	$68K	—	5x
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.530	+0.896%	$18K	$53K	25x	as long as short
BloFin COMP-USDT	+0.0080%	8h	22.340	+0.045%	$238K	$148K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.342	+0.054%	$837K	$519K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.339	+0.041%	$4.2M	$7.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.340	+0.045%	$3.8M	$2.1M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.350	+0.090%	$1.6M	$2.2M	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_USDTshort	+0.0100%	8h	22.320	−0.045%	$218K	$78K	25x
MEXC COMP_USDT	+0.0100%	8h	22.310	−0.090%	$2.7M	$832K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.330	0.000%	$451K	$102K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.330	0.000%	$1.9M	$712K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.330	0.000%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.299	−0.138%	$15K	$37K	—	as long as short