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: KuCoin against OKX+0.089%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$537as in the Funding arb table

Net, price: spread back to 7d avg − costs−$535as in the Price arb table

costs, in and out, $10k−$5385.380% of the position

Long on OKX Short on KuCoin

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)−0.077%−$8 · spread now +0.089%, 7d avg +0.054%

Together, before fees−0.063%−$6 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: KuCoin is 0.035% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COMP-USDT-SWAP	22.530	0.0100	pay 0.0100% / 8h	6m 12s	$1.6M	$2.1M	20x
Short	KuCoin COMPUSDTM	22.550	0.0100	get 0.0100% / 8h	6m 12s	$455K	$91K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.054%: $3.51
Slippage, 4 orders: −$516.01
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$534.5
Costs to cover: 5.380%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; KuCoin: live order book, 56 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 OKX live order book, 6 min ago	2.22 bp	23.5 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 56 min ago	11.11 bp	150.6 bp −$151	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
Kraken Futures PF_COMPUSD	−0.0724%	1h	22.574	+0.197%	$227K	$92K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0637%	1h	22.530	0.000%	$329	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.547	+0.074%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−0.843%	$2K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0091%	8h	22.540	+0.044%	$235K	$149K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.556	+0.115%	$846K	$409K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.530	+0.002%	$4.2M	$7.0M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.530	0.000%	$3.8M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAPlong	+0.0100%	8h	22.530	long leg	$1.6M	$2.1M	20x
Gate COMP_USDT	+0.0100%	8h	22.510	−0.089%	$220K	$71K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC COMP_USDT	+0.0100%	8h	22.530	0.000%	$2.8M	$849K	20x	as long as short
KuCoin COMPUSDTMshort	+0.0100%	8h	22.550	+0.089%	$455K	$91K	30x
Bitget COMPUSDT	+0.0100%	8h	22.520	−0.044%	$1.9M	$617K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.530	0.000%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.517	−0.058%	$15K	$31K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0136%	1h	22.730	+0.888%	$17K	$51K	25x	as long as short