Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate−0.089%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$222as in the Price arb table

costs, in and out, $10k−$2142.142% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.089%, 7d avg −0.009%

Together, before fees+0.044%+$4 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: OKX is 0.081% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COMP_USDT	22.420	0.0100	pay 0.0100% / 8h	1h 32m	$219K	$78K	25x
Short	OKX COMP-USDT-SWAP	22.400	0.0100	get 0.0100% / 8h	1h 32m	$1.6M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.009%: −$8.06
Slippage, 4 orders: −$189.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$222.27
Costs to cover: 2.142%
Break-even: never at this rate

Slippage from Gate: live order book, 44 min ago; OKX: live order book, 4 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, 44 min ago	11.16 bp	67.8 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.23 bp	19.7 bp −$20	613.8 bp −$6,138	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	−0.0861%	1h	22.465	+0.200%	$236K	$62K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0641%	1h	22.430	+0.045%	$327	$327	50x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	−0.357%	$2K	$13K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.417	−0.012%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.460	+0.178%	$18K	$53K	25x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.446	+0.116%	$843K	$494K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.410	−0.045%	$4.2M	$7.3M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.410	−0.045%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAPshort	+0.0100%	8h	22.400	−0.089%	$1.6M	$2.2M	20x
Gate COMP_USDTlong	+0.0100%	8h	22.420	long leg	$219K	$78K	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	22.410	−0.045%	$2.7M	$844K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.440	+0.089%	$453K	$94K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.420	0.000%	$1.9M	$672K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.420	0.000%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.402	−0.078%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0111%	8h	22.440	+0.089%	$236K	$149K	20x	as long as short