Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0945%/8h= −103.5% APRpaid last 24h −0.053%

Price spread now: Kraken Futures against Gate+0.439%7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$277as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2492.491% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.275%−$27 on $10k

Price spread, last 3 days (all we have)−0.315%−$32 · spread now +0.439%, 7d avg +0.132%

Together, before fees−0.590%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.307% dearer against Gate than usual: you sell high and buy low (spread +0.439% now, against its 7-day average of +0.132%): +$31 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.275% in total) that is about 7.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.275% in total (about -14.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COMP_USDT	22.360	0.0100	pay 0.0100% / 8h	2h 13m	$219K	$83K	25x
Short	Kraken Futures PF_COMPUSD	22.458	−0.0845	pay 0.0106% / 1h	13m 26s	$236K	$84K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.439%Rate

Funding earned: −$198.53
Price spread: +0.439% → +0.132%: $30.7
Slippage, 4 orders: −$224.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$416.92
Costs to cover: 2.491%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Kraken Futures: live order book, 9 min ago.

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, 3 min ago	11.16 bp	67.8 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 9 min ago	13.98 bp	37.0 bp −$37	104.0 bp −$1,040	doesn't fit	doesn't fit

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	22.200	−0.716%	$3K	$12K	12x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.1086%	1h	22.420	+0.268%	$229	$229	50x	as long as short
Kraken Futures PF_COMPUSDshort	−0.0845%	1h	22.458	+0.439%	$236K	$84K	20x
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.530	+0.760%	$18K	$53K	25x	as long as short
dYdX COMP-USD	0.0000%	1h	22.410	+0.224%	$68K	—	5x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.381	+0.094%	$839K	$519K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.360	+0.002%	$4.2M	$7.9M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.360	0.000%	$3.8M	$2.1M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.360	0.000%	$1.6M	$2.3M	20x	as long as short
Gate COMP_USDTlong	+0.0100%	8h	22.360	long leg	$219K	$83K	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC COMP_USDT	+0.0100%	8h	22.380	+0.089%	$2.7M	$862K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.410	+0.224%	$452K	$102K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.400	+0.179%	$1.9M	$753K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.400	+0.179%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.414	+0.241%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0120%	8h	22.440	+0.358%	$238K	$149K	20x	as long as short