Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.031%

Price spread now: Binance against dYdX−0.161%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$21 on $10k

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 0.161% cheaper against dYdX than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX COMP-USD	22.556	0	get 0.0000% / 1h	51m 08s	$68K	—	5x
Short	Binance COMPUSDT	22.520	0.0100	get 0.0100% / 8h	7h 51m	$4.2M	$6.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.161%Rate

Funding earned: $21
Price spread: −0.161% → 0.000%: −$16.08
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$15.08
Costs to cover: 0.200%
Break-even: 12.0 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 2 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	2.22 bp	19.3 bp −$19	66.5 bp −$665	doesn't fit	doesn't fit

dYdX: 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	−0.0637%	1h	22.520	−0.160%	$284	$507	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0474%	1h	22.558	+0.009%	$223K	$96K	20x	as long as short
dYdX COMP-USDlong	0.0000%	1h	22.556	long leg	$68K	—	5x
Injective COMP/USDC PERP	+0.0033%	1h	22.820	+1.170%	$1K	$13K	12x	as long as short
BloFin COMP-USDT	+0.0091%	8h	22.520	−0.160%	$234K	$178K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.544	−0.054%	$814K	$340K	5x	as long as short
Binance COMPUSDTshort	+0.0100%	8h	22.520	−0.161%	$4.2M	$6.6M	75x
Bybit COMPUSDT	+0.0100%	8h	22.530	−0.116%	$3.8M	$1.6M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.530	−0.116%	$1.7M	$2.3M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.540	−0.072%	$220K	$58K	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	22.520	−0.160%	$2.6M	$819K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.540	−0.072%	$407K	$112K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.510	−0.205%	$1.9M	$615K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.530	−0.116%	—	$14.1M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.471	−0.376%	$14K	$24K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0792%	1h	22.620	+0.283%	$16K	$43K	25x	as long as short