Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.077%

Price spread now: Binance against Injective−1.309%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$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 1.309% cheaper against Injective than usual: you would sell low and buy high (spread −1.309% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$131 on $10k: about 2 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective COMP/USDC PERP	22.820	0.0033	pay 0.0004% / 1h	18m 41s	$1K	$13K	12x
Short	Binance COMPUSDT	22.521	0.0100	get 0.0100% / 8h	7h 18m	$4.2M	$6.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −1.309%Rate

Funding earned: $14
Price spread: −1.309% → 0.000%: −$130.87
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$126.89
Costs to cover: 0.100%
Break-even: 70.4 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 5 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	2.22 bp	20.1 bp −$20	63.5 bp −$635	doesn't fit	doesn't fit

Injective: 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	−0.0638%	1h	22.510	−1.358%	$284	$507	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0474%	1h	22.561	−1.134%	$223K	$96K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.537	−1.242%	$68K	$16	5x	as long as short
Injective COMP/USDC PERPlong	+0.0033%	1h	22.820	long leg	$1K	$13K	12x
BloFin COMP-USDT	+0.0086%	8h	22.520	−1.315%	$234K	$185K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.553	−1.170%	$822K	$346K	5x	as long as short
Binance COMPUSDTshort	+0.0100%	8h	22.521	−1.309%	$4.2M	$6.5M	75x
Bybit COMPUSDT	+0.0100%	8h	22.546	−1.201%	$3.8M	$1.6M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.530	−1.271%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.530	−1.271%	$219K	$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	−1.315%	$2.6M	$859K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.540	−1.227%	$406K	$128K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.530	−1.271%	$1.9M	$605K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.530	−1.271%	—	$14.1M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.527	−1.285%	$14K	$20K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0792%	1h	22.560	−1.139%	$16K	$42K	25x	as long as short