Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0719%/8h= +78.7% APRpaid last 24h +0.070%

Price spread now: Variational Omni against Kraken Futures−0.105%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.105% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 12 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_COMPUSD	22.845	−0.0619	get 0.0077% / 1h	21m 55s	$229K	$89K	20x
Short	Variational Omni COMP	22.821	0.0100	get 0.0100% / 8h	6h 21m	$15K	$29K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. 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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.105%Rate

Funding earned: $150.94
Price spread: −0.105% → 0.000%: −$10.52
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $130.43
Costs to cover: 0.100%
Break-even: 1.0 days

Slippage unknown: Kraken Futures: live order book, 46 min ago; Variational Omni: 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 Kraken Futures live order book, 46 min ago	9.16 bp	35.9 bp −$36	278.9 bp −$2,789	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 15 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	−0.0625%	1h	22.830	−0.067%	$333	$327	50x	as long as short
Kraken Futures PF_COMPUSDlong	−0.0619%	1h	22.845	long leg	$229K	$89K	20x
dYdX COMP-USD	−0.0007%	1h	22.916	+0.309%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.620	−0.986%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.831	−0.064%	$878K	$362K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.819	−0.117%	$4.3M	$6.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.857	+0.051%	$3.9M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.810	−0.154%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.870	+0.108%	$224K	$57K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.830	−0.067%	$2.6M	$819K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.890	+0.196%	$460K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.840	−0.023%	$1.9M	$625K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.850	+0.021%	—	$34.7M	—	as long as short
Variational Omni COMPshort	+0.0100%	8h	22.821	−0.105%	$15K	$29K	—
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+0.371%	$18K	$45K	25x	as long as short