Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Gate+0.276%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$270as in the Funding arb table

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$2702.699% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.276%, 7d avg +0.052%

Together, before fees−0.207%+ Points / potential airdropHyperliquid: Season 2 · farm board−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.224% dearer against Gate than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COMP_USDT	22.630	0.0100	pay 0.0100% / 8h	7h 43m	$221K	$63K	25x
Short	Hyperliquid COMP	22.692	0.0100	get 0.0013% / 1h	43m 21s	$862K	$416K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.276%Rate

Funding earned: $0
Price spread: +0.276% → +0.052%: $22.42
Slippage, 4 orders: −$245.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$247.47
Costs to cover: 2.699%
Break-even: never at this rate

Slippage from Gate: live order book, 23 min ago; Hyperliquid: live order book, 17 min ago.

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, 23 min ago	4.44 bp	59.8 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 17 min ago	1.10 bp	76.7 bp −$77	doesn't fit	doesn't fit	doesn't fit

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	−0.0680%	1h	22.666	+0.160%	$228K	$91K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0191%	1h	22.650	+0.088%	$331	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.656	+0.117%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.281%	$2K	$13K	12x	as long as short
Hyperliquid COMPshort	+0.0100%	1h	22.692	+0.276%	$862K	$416K	5x
Binance COMPUSDT	+0.0100%	8h	22.670	+0.177%	$4.2M	$7.0M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.670	+0.177%	$3.8M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.670	+0.177%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDTlong	+0.0100%	8h	22.630	long leg	$221K	$63K	25x
MEXC COMP_USDT	+0.0100%	8h	22.660	+0.133%	$2.8M	$791K	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	22.680	+0.221%	$458K	$91K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.670	+0.177%	$1.9M	$617K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.660	+0.133%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.616	−0.060%	$15K	$31K	—	as long as short
BloFin COMP-USDT	+0.0101%	8h	22.640	+0.044%	$235K	$158K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0200%	1h	22.730	+0.442%	$17K	$51K	25x	as long as short