Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0283%/8h= +31.0% APRpaid last 24h +0.083%

Price spread now: OKX against Kraken Futures−0.085%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1131.127% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.309%+$31 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.085%, 7d avg −0.139%

Together, before fees+0.295%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.054% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_COMPUSD	22.970	−0.0183	get 0.0023% / 1h	15m 18s	$227K	$93K	20x
Short	OKX COMP-USDT-SWAP	22.950	0.0100	get 0.0100% / 8h	4h 15m	$1.7M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Kraken Futures. 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 Kraken FuturesbpFee OKXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $59.4
Price spread: −0.085% → −0.139%: $5.44
Slippage, 4 orders: −$92.71
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$47.87
Costs to cover: 1.127%
Break-even: 12.6 days

Slippage from Kraken Futures: live order book, 42 min ago; OKX: live order book, 2 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 Kraken Futures live order book, 42 min ago	21.41 bp	31.5 bp −$32	275.9 bp −$2,759	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	4.36 bp	20.6 bp −$21	516.3 bp −$5,163	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
Deribit COMP_USDC-PERPETUAL	−0.0621%	1h	22.930	−0.172%	$335	$327	50x	as long as short
Kraken Futures PF_COMPUSDlong	−0.0183%	1h	22.970	long leg	$227K	$93K	20x
dYdX COMP-USD	0.0000%	1h	22.916	−0.235%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0022%	1h	22.890	−0.346%	$1K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.933	−0.159%	$879K	$351K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.923	−0.202%	$4.3M	$6.4M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.927	−0.185%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAPshort	+0.0100%	8h	22.950	−0.085%	$1.7M	$2.2M	20x
Gate COMP_USDT	+0.0100%	8h	22.890	−0.346%	$225K	$53K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.930	−0.172%	$2.5M	$829K	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	22.930	−0.172%	$462K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.930	−0.172%	$1.9M	$592K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.920	−0.216%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.916	−0.233%	$15K	$29K	—	as long as short
BloFin COMP-USDT	+0.0127%	8h	22.900	−0.303%	$243K	$166K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0544%	1h	22.950	−0.085%	$18K	$45K	25x	as long as short