Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Gate against dYdX−0.218%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 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. Gate is 0.218% cheaper against dYdX than usual: you would sell low and buy high (spread −0.218% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 7.3 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	22.509	0	get 0.0000% / 1h	27m 20s	$68K	—	5x
Short	Gate COMP_USDT	22.460	0.0100	get 0.0100% / 8h	2h 27m	$220K	$83K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.218%Rate

Funding earned: $21
Price spread: −0.218% → 0.000%: −$21.81
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$25.81
Costs to cover: 0.250%
Break-even: 15.6 days

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 56 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 Gate live order book, 56 min ago	11.19 bp	71.3 bp −$71	doesn't fit	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	−0.1525%	1h	22.490	−0.085%	$229	$229	50x	as long as short
Injective COMP/USDC PERP	−0.1289%	1h	22.060	−1.995%	$3K	$12K	12x	as long as short
Kraken Futures PF_COMPUSD	−0.0844%	1h	22.483	−0.117%	$236K	$85K	20x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.470	−0.174%	$18K	$53K	25x	as long as short
dYdX COMP-USDlong	0.0000%	1h	22.509	long leg	$68K	—	5x
Hyperliquid COMP	+0.0100%	1h	22.508	−0.005%	$845K	$539K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.482	−0.121%	$4.2M	$8.0M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.488	−0.094%	$3.8M	$2.1M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.480	−0.129%	$1.6M	$2.3M	20x	as long as short
Gate COMP_USDTshort	+0.0100%	8h	22.460	−0.218%	$220K	$83K	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC COMP_USDT	+0.0100%	8h	22.480	−0.129%	$2.6M	$847K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.490	−0.085%	$455K	$110K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.490	−0.085%	$1.9M	$756K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.500	−0.040%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.434	−0.334%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0112%	8h	22.430	−0.351%	$237K	$160K	20x	as long as short