Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.088%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$487as in the Funding arb table

Net, price: spread back to 7d avg − costs−$489as in the Price arb table

costs, in and out, $10k−$4854.853% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.088%, 7d avg −0.056%

Together, before fees+0.027%+$3 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: OKX is 0.032% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.680	0.0100	pay 0.0100% / 8h	7h 38m	$458K	$91K	30x
Short	OKX COMP-USDT-SWAP	22.660	0.0100	get 0.0100% / 8h	7h 38m	$1.6M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → −0.056%: −$3.24
Slippage, 4 orders: −$463.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$488.55
Costs to cover: 4.853%
Break-even: never at this rate

Slippage from KuCoin: live order book, 14 min ago; OKX: live order book, 3 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, 14 min ago	8.85 bp	233.4 bp −$233	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.21 bp	20.8 bp −$21	528.0 bp −$5,280	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
Kraken Futures PF_COMPUSD	−0.0679%	1h	22.700	+0.089%	$228K	$91K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0632%	1h	22.660	−0.088%	$331	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.656	−0.104%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.499%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.688	+0.035%	$862K	$415K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.660	−0.088%	$4.2M	$7.0M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.670	−0.044%	$3.8M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAPshort	+0.0100%	8h	22.660	−0.088%	$1.6M	$2.1M	20x
Gate COMP_USDT	+0.0100%	8h	22.650	−0.132%	$221K	$63K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.650	−0.132%	$2.8M	$791K	20x	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	22.680	long leg	$458K	$91K	30x
Bitget COMPUSDT	+0.0100%	8h	22.670	−0.044%	$1.9M	$616K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.670	−0.044%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.666	−0.060%	$15K	$31K	—	as long as short
BloFin COMP-USDT	+0.0112%	8h	22.650	−0.132%	$237K	$158K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0200%	1h	22.710	+0.132%	$17K	$50K	25x	as long as short