Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0442%/8h= −48.4% APRpaid last 24h −0.088%

Price spread now: BloFin against Coinbase International−1.144%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BloFin is 1.144% cheaper against Coinbase International than usual: you would sell low and buy high (−$114 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International COMP-PERP-INTX	22.720	0.0520	pay 0.0065% / 1h	31m 02s	$17K	$43K	25x
Short	BloFin COMP-USDT	22.460	0.0078	get 0.0078% / 8h	1h 31m	$235K	$176K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −1.144%Rate

Funding earned: −$92.85
Price spread: −1.144% → 0.000%: −$114.44
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$229.28
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; BloFin: live order book, 45 min ago. Net counts fees only.

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 Coinbase International no order-book sample	—	—	—	—	—
Sell BloFin live order book, 45 min ago	4.46 bp	19.0 bp −$19	35.2 bp −$352	275.7 bp −$27.6K	doesn't fit

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0639%	1h	22.480	−1.056%	$216	$439	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0383%	1h	22.516	−0.898%	$223K	$95K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.490	−1.012%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.820	+0.440%	$1K	$13K	12x	as long as short
BloFin COMP-USDTshort	+0.0078%	8h	22.460	−1.144%	$235K	$176K	20x
MEXC COMP_USDT	+0.0085%	8h	22.480	−1.056%	$2.6M	$819K	20x	as long as short
Binance COMPUSDT	+0.0087%	8h	22.480	−1.056%	$4.2M	$6.6M	75x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.501	−0.965%	$810K	$339K	5x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.474	−1.083%	$3.8M	$1.7M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.490	−1.012%	$1.7M	$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_USDT	+0.0100%	8h	22.470	−1.100%	$219K	$59K	25x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.470	−1.100%	$404K	$113K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.490	−1.012%	$1.9M	$612K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.490	−1.012%	—	$34.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.456	−1.162%	$14K	$30K	—	as long as short
Coinbase International COMP-PERP-INTXlong	+0.0520%	1h	22.720	long leg	$17K	$43K	25x