Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin−0.223%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$592as in the Funding arb table

Net, price: spread back to 7d avg − costs−$610as in the Price arb table

costs, in and out, $10k−$5925.921% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.248%+$25 · spread now −0.223%, 7d avg −0.045%

Together, before fees+0.248%+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.178% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.390	0.0100	pay 0.0100% / 8h	1h 55m	$452K	$101K	30x
Short	Gate COMP_USDT	22.340	0.0100	get 0.0100% / 8h	1h 55m	$219K	$78K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now −0.223%Rate

Funding earned: $0
Price spread: −0.223% → −0.045%: −$17.81
Slippage, 4 orders: −$565.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$609.93
Costs to cover: 5.921%
Break-even: never at this rate

Slippage from KuCoin: live order book, 16 min ago; Gate: live order book, 20 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 KuCoin live order book, 16 min ago	13.40 bp	206.0 bp −$206	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 20 min ago	11.16 bp	104.4 bp −$104	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	−0.1533%	1h	22.390	0.000%	$327	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0862%	1h	22.428	+0.168%	$236K	$83K	20x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	−0.223%	$2K	$13K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.360	−0.134%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.530	+0.625%	$18K	$53K	25x	as long as short
BloFin COMP-USDT	+0.0080%	8h	22.340	−0.223%	$238K	$148K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.414	+0.107%	$840K	$519K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.385	−0.022%	$4.2M	$7.6M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.382	−0.036%	$3.8M	$2.1M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.390	0.000%	$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	22.340	−0.223%	$219K	$78K	25x
MEXC COMP_USDT	+0.0100%	8h	22.380	−0.045%	$2.7M	$832K	20x	as long as short
KuCoin COMPUSDTMlong	+0.0100%	8h	22.390	long leg	$452K	$101K	30x
Bitget COMPUSDT	+0.0100%	8h	22.380	−0.045%	$1.9M	$711K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.380	−0.045%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.299	−0.405%	$15K	$37K	—	as long as short