Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0283%/8h= +31.0% APRpaid last 24h +0.083%

Price spread now: Gate against Kraken Futures+0.102%7-day average −0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$2032.025% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.322%+$32 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.102%, 7d avg −0.131%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.233% dearer against Kraken Futures than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.131%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_COMPUSD	22.917	−0.0183	get 0.0023% / 1h	4m 57s	$227K	$93K	20x
Short	Gate COMP_USDT	22.940	0.0100	get 0.0100% / 8h	4h 04m	$226K	$54K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. 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 Kraken FuturesbpFee GatebpOrdersPrice spread, now +0.102%Rate

Funding earned: $59.49
Price spread: +0.102% → −0.131%: $23.3
Slippage, 4 orders: −$177.52
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$119.73
Costs to cover: 2.025%
Break-even: 21.1 days

Slippage from Kraken Futures: live order book, 53 min ago; Gate: live order book, 46 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 Kraken Futures live order book, 53 min ago	21.41 bp	31.5 bp −$32	275.9 bp −$2,759	doesn't fit	doesn't fit
Sell Gate live order book, 46 min ago	6.59 bp	77.4 bp −$77	doesn't fit	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
Deribit COMP_USDC-PERPETUAL	−0.0623%	1h	22.890	−0.116%	$334	$327	50x	as long as short
Kraken Futures PF_COMPUSDlong	−0.0183%	1h	22.917	long leg	$227K	$93K	20x
dYdX COMP-USD	0.0000%	1h	22.916	−0.003%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0022%	1h	22.890	−0.116%	$1K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.916	−0.003%	$878K	$346K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.900	−0.072%	$4.3M	$6.3M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.910	−0.029%	$3.9M	$1.8M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.920	+0.015%	$1.8M	$2.2M	20x	as long as short
Gate COMP_USDTshort	+0.0100%	8h	22.940	+0.102%	$226K	$54K	25x
MEXC COMP_USDT	+0.0100%	8h	22.890	−0.116%	$2.5M	$831K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.920	+0.015%	$462K	$87K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.900	−0.072%	$1.9M	$577K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.900	−0.072%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.896	−0.090%	$14K	$30K	—	as long as short
BloFin COMP-USDT	+0.0102%	8h	22.900	−0.072%	$243K	$166K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0544%	1h	22.980	+0.277%	$18K	$44K	25x	as long as short