Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against KuCoin−0.040%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$265as in the Funding arb table

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2652.654% of the position

Long on KuCoin Short on Hyperliquid

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)+0.157%+$16 · spread now −0.040%, 7d avg +0.002%

Together, before fees+0.157%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 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: Hyperliquid is 0.042% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.560	0.0100	pay 0.0100% / 8h	2h 00m	$407K	$111K	30x
Short	Hyperliquid COMP	22.551	0.0100	get 0.0013% / 1h	0m 55s	$812K	$376K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.002%: −$4.22
Slippage, 4 orders: −$244.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$269.61
Costs to cover: 2.654%
Break-even: never at this rate

Slippage from KuCoin: live order book, 57 min ago; Hyperliquid: 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 KuCoin live order book, 57 min ago	13.35 bp	77.6 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	1.11 bp	23.3 bp −$23	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	−0.0636%	1h	22.560	0.000%	$217	$439	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0528%	1h	22.606	+0.204%	$224K	$95K	20x	as long as short
dYdX COMP-USD	−0.0043%	1h	22.576	+0.071%	$68K	—	5x	as long as short
BloFin COMP-USDT	+0.0070%	8h	22.530	−0.133%	$234K	$177K	20x	as long as short
MEXC COMP_USDT	+0.0080%	8h	22.550	−0.044%	$2.6M	$820K	20x	as long as short
Binance COMPUSDT	+0.0082%	8h	22.554	−0.028%	$4.2M	$6.6M	75x	as long as short
Hyperliquid COMPshort	+0.0100%	1h	22.551	−0.040%	$812K	$376K	5x
Bybit COMPUSDT	+0.0100%	8h	22.568	+0.035%	$3.8M	$1.7M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.560	0.000%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.560	0.000%	$221K	$58K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTMlong	+0.0100%	8h	22.560	long leg	$407K	$111K	30x
Bitget COMPUSDT	+0.0100%	8h	22.550	−0.044%	$1.9M	$600K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.570	+0.044%	—	$34.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.566	+0.026%	$14K	$30K	—	as long as short
Injective COMP/USDC PERP	+0.0239%	1h	22.820	+1.152%	$1K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTX	+0.0384%	1h	22.980	+1.862%	$18K	$44K	25x	as long as short