Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0733%/8h= +80.3% APRpaid last 24h +0.179%

Price spread now: Binance against Deribit−0.043%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Binance is 0.043% cheaper against Deribit than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit COMP_USDC-PERPETUAL	22.620	−0.0633	get 0.0079% / 1h	51m 07s	$330	$327	50x
Short	Binance COMPUSDT	22.610	0.0100	get 0.0100% / 8h	51m 07s	$4.3M	$7.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now −0.043%Rate

Funding earned: $154.01
Price spread: −0.043% → 0.000%: −$4.35
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $132.67
Costs to cover: 0.170%
Break-even: 1.0 days

Slippage unknown: Deribit: no order-book sample; Binance: live order book, 3 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 Deribit no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	2.21 bp	17.5 bp −$18	51.1 bp −$511	doesn't fit	doesn't fit

Deribit: 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
Kraken Futures PF_COMPUSD	−0.0722%	1h	22.661	+0.180%	$239K	$62K	20x	as long as short
Deribit COMP_USDC-PERPETUALlong	−0.0633%	1h	22.620	long leg	$330	$327	50x
dYdX COMP-USD	0.0000%	1h	22.647	+0.119%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.238%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.635	+0.066%	$849K	$491K	5x	as long as short
Binance COMPUSDTshort	+0.0100%	8h	22.610	−0.043%	$4.3M	$7.2M	75x
Bybit COMPUSDT	+0.0100%	8h	22.620	0.000%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.630	+0.044%	$1.6M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.610	−0.044%	$221K	$70K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.610	−0.044%	$2.7M	$832K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.640	+0.088%	$457K	$94K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.610	−0.044%	$1.9M	$671K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.620	0.000%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.572	−0.213%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0125%	8h	22.630	+0.044%	$236K	$153K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0136%	1h	22.660	+0.177%	$17K	$54K	25x	as long as short