Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against KuCoin−0.071%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$607as in the Funding arb table

Net, price: spread back to 7d avg − costs−$615as in the Price arb table

costs, in and out, $10k−$6076.072% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.175%+$18 · spread now −0.071%, 7d avg +0.003%

Together, before fees+0.175%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 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: Hyperliquid is 0.074% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.550	0.0100	pay 0.0100% / 8h	2h 25m	$456K	$103K	30x
Short	Hyperliquid COMP	22.534	0.0100	get 0.0013% / 1h	25m 18s	$846K	$539K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → +0.003%: −$7.44
Slippage, 4 orders: −$586.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$614.6
Costs to cover: 6.072%
Break-even: never at this rate

Slippage from KuCoin: live order book, 56 min ago; Hyperliquid: live order book, 59 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 KuCoin live order book, 56 min ago	26.79 bp	294.3 bp −$294	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 59 min ago	2.23 bp	26.6 bp −$27	doesn't fit	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	−0.1525%	1h	22.500	−0.222%	$229	$229	50x	as long as short
Injective COMP/USDC PERP	−0.1289%	1h	22.190	−1.596%	$3K	$12K	12x	as long as short
Kraken Futures PF_COMPUSD	−0.0842%	1h	22.550	0.000%	$237K	$84K	20x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.470	−0.355%	$18K	$53K	25x	as long as short
dYdX COMP-USD	0.0000%	1h	22.599	+0.218%	$68K	—	5x	as long as short
BloFin COMP-USDT	+0.0073%	8h	22.530	−0.089%	$237K	$150K	20x	as long as short
Hyperliquid COMPshort	+0.0100%	1h	22.534	−0.071%	$846K	$539K	5x
Binance COMPUSDT	+0.0100%	8h	22.505	−0.199%	$4.2M	$8.0M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.511	−0.173%	$3.8M	$2.1M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.510	−0.177%	$1.6M	$2.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate COMP_USDT	+0.0100%	8h	22.530	−0.089%	$221K	$83K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.520	−0.133%	$2.7M	$847K	20x	as long as short
KuCoin COMPUSDTMlong	+0.0100%	8h	22.550	long leg	$456K	$103K	30x
Bitget COMPUSDT	+0.0100%	8h	22.540	−0.044%	$1.9M	$756K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.530	−0.089%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.514	−0.159%	$15K	$37K	—	as long as short