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: dYdX against Gate+0.179%7-day average — · you sell dearer than you buy

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

Long on Gate Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.179% dearer against Gate than usual: you sell high and buy low (spread +0.179% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COMP_USDT	22.320	0.0100	pay 0.0100% / 8h	1h 56m	$218K	$78K	25x
Short	dYdX COMP-USD	22.360	0	get 0.0000% / 1h	56m 42s	$68K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee dYdXbpOrdersPrice spread, now +0.179%Rate

Funding earned: −$21
Price spread: +0.179% → 0.000%: $17.92
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$28.08
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 20 min ago; dYdX: no order-book sample. 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 Gate live order book, 20 min ago	11.16 bp	67.8 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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	+0.414%	$236K	$83K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0643%	1h	22.370	+0.224%	$327	$327	50x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	+0.090%	$2K	$13K	12x	as long as short
dYdX COMP-USDshort	0.0000%	1h	22.360	+0.179%	$68K	—	5x
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.530	+0.941%	$18K	$53K	25x	as long as short
BloFin COMP-USDT	+0.0080%	8h	22.340	+0.090%	$238K	$148K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.408	+0.394%	$839K	$519K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.383	+0.282%	$4.2M	$7.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.380	+0.269%	$3.8M	$2.1M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.380	+0.269%	$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_USDTlong	+0.0100%	8h	22.320	long leg	$218K	$78K	25x
MEXC COMP_USDT	+0.0100%	8h	22.400	+0.358%	$2.7M	$832K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.380	+0.269%	$452K	$102K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.390	+0.314%	$1.9M	$712K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.350	+0.134%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.299	−0.093%	$15K	$37K	—	as long as short