Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.031%

Price spread now: dYdX against KuCoin+0.205%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.220%−$22 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.205% dearer against KuCoin than usual: you sell high and buy low (spread +0.205% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.480	0.0100	pay 0.0100% / 8h	7h 42m	$406K	$112K	30x
Short	dYdX COMP-USD	22.526	0	get 0.0000% / 1h	42m 26s	$68K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now +0.205%Rate

Funding earned: −$21
Price spread: +0.205% → 0.000%: $20.54
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$22.46
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 51 min ago; dYdX: 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 KuCoin live order book, 51 min ago	11.13 bp	106.5 bp −$106	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0639%	1h	22.470	−0.044%	$283	$507	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0475%	1h	22.503	+0.104%	$222K	$96K	20x	as long as short
dYdX COMP-USDshort	0.0000%	1h	22.526	+0.205%	$68K	—	5x
Injective COMP/USDC PERP	+0.0033%	1h	22.820	+1.512%	$1K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.480	0.000%	$812K	$341K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.441	−0.171%	$4.2M	$6.6M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.452	−0.125%	$3.8M	$1.7M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.460	−0.089%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.510	+0.133%	$219K	$58K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.450	−0.133%	$2.6M	$821K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTMlong	+0.0100%	8h	22.480	long leg	$406K	$112K	30x
Bitget COMPUSDT	+0.0100%	8h	22.460	−0.089%	$1.9M	$612K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.460	−0.089%	—	$14.1M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.511	+0.139%	$14K	$29K	—	as long as short
BloFin COMP-USDT	+0.0119%	8h	22.450	−0.133%	$234K	$185K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0792%	1h	22.620	+0.623%	$16K	$43K	25x	as long as short