Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0729%/8h= +79.8% APRpaid last 24h +0.184%

Price spread now: OKX against Deribit−0.132%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 OKX

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. OKX is 0.132% cheaper against Deribit than usual: you would sell low and buy high (spread −0.132% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 14 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	22.730	−0.0629	get 0.0079% / 1h	2m 48s	$332	$327	50x
Short	OKX COMP-USDT-SWAP	22.700	0.0100	get 0.0100% / 8h	6h 02m	$1.6M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.132%Rate

Funding earned: $153.12
Price spread: −0.132% → 0.000%: −$13.2
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $122.92
Costs to cover: 0.170%
Break-even: 1.4 days

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	4.41 bp	20.7 bp −$21	1310.2 bp −$13.1K	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 15 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-PERPETUALlong	−0.0629%	1h	22.730	long leg	$332	$327	50x
Kraken Futures PF_COMPUSD	−0.0621%	1h	22.755	+0.110%	$228K	$88K	20x	as long as short
dYdX COMP-USD	−0.0021%	1h	22.766	+0.158%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.620	−0.484%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.725	−0.022%	$873K	$360K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.706	−0.106%	$4.3M	$6.7M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.736	+0.026%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAPshort	+0.0100%	8h	22.700	−0.132%	$1.6M	$2.0M	20x
Gate COMP_USDT	+0.0100%	8h	22.740	+0.044%	$223K	$57K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.700	−0.132%	$2.6M	$820K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.740	+0.044%	$457K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.720	−0.044%	$1.9M	$611K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.720	−0.044%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.706	−0.105%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+0.880%	$18K	$45K	25x	as long as short