Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.087%

Price spread now: Coinbase International against Gate+1.502%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Coinbase International

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 for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 1.502% dearer against Gate than usual: you sell high and buy low: +$150 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COMP_USDT	22.640	0.0100	pay 0.0100% / 8h	3h 07m	$220K	$55K	25x
Short	Coinbase International COMP-PERP-INTX	22.980	0.0408	get 0.0051% / 1h	7m 44s	$18K	$44K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +1.502%Rate

Funding earned: $64.68
Price spread: +1.502% → 0.000%: $150.18
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $189.86
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 39 min ago; Coinbase International: no order-book sample. 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 Gate live order book, 39 min ago	6.58 bp	59.0 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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	−0.0634%	1h	22.600	−0.177%	$330	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0285%	1h	22.618	−0.099%	$224K	$94K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.656	+0.069%	$69K	—	5x	as long as short
BloFin COMP-USDT	+0.0098%	8h	22.570	−0.309%	$241K	$174K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.613	−0.119%	$866K	$344K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.600	−0.177%	$4.3M	$6.3M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.610	−0.133%	$3.9M	$1.7M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.610	−0.133%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDTlong	+0.0100%	8h	22.640	long leg	$220K	$55K	25x
MEXC COMP_USDT	+0.0100%	8h	22.590	−0.221%	$2.4M	$820K	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	0.000%	$458K	$87K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.610	−0.133%	$1.9M	$575K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.590	−0.221%	—	$34.6M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.636	−0.018%	$14K	$30K	—	as long as short
Coinbase International COMP-PERP-INTXshort	+0.0408%	1h	22.980	+1.502%	$18K	$44K	25x
Injective COMP/USDC PERP	+0.0542%	1h	22.820	+0.795%	$1K	$13K	12x	as long as short