Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.092%

Price spread now: OKX against Injective+0.221%7-day average — · you sell dearer than you buy

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

Long on Injective Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.222%+$22 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.221% dearer against Injective than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective COMP/USDC PERP	22.620	0.0033	pay 0.0004% / 1h	9m 15s	$2K	$13K	12x
Short	OKX COMP-USDT-SWAP	22.670	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 Injective. 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 InjectivebpFee OKXbpOrdersPrice spread, now +0.221%Rate

Funding earned: $14
Price spread: +0.221% → 0.000%: $22.1
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: $26.08
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; OKX: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	4.40 bp	21.1 bp −$21	997.5 bp −$9,975	doesn't fit	doesn't fit

Injective: 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	−0.0631%	1h	22.690	+0.309%	$331	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0622%	1h	22.731	+0.491%	$228K	$88K	20x	as long as short
dYdX COMP-USD	−0.0005%	1h	22.776	+0.690%	$69K	—	5x	as long as short
Injective COMP/USDC PERPlong	+0.0033%	1h	22.620	long leg	$2K	$13K	12x
Hyperliquid COMP	+0.0100%	1h	22.706	+0.380%	$872K	$359K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.683	+0.280%	$4.3M	$6.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.722	+0.451%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAPshort	+0.0100%	8h	22.670	+0.221%	$1.6M	$2.0M	20x
Gate COMP_USDT	+0.0100%	8h	22.750	+0.575%	$223K	$57K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.700	+0.354%	$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	22.750	+0.575%	$457K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.690	+0.309%	$1.9M	$626K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.730	+0.486%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.776	+0.690%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+1.370%	$18K	$45K	25x	as long as short