Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Variational Omni+0.088%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.088% dearer against Variational Omni than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni COMP	22.886	0.0100	pay 0.0100% / 8h	7h 09m	$15K	$31K	—
Short	dYdX COMP-USD	22.906	0	get 0.0000% / 1h	9m 16s	$69K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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 Variational OmnibpFee dYdXbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$21
Price spread: +0.088% → 0.000%: $8.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$22.21
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Variational Omni and 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
Kraken Futures PF_COMPUSD	−0.0672%	1h	22.924	+0.167%	$230K	$91K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0623%	1h	22.900	+0.060%	$334	$327	50x	as long as short
dYdX COMP-USDshort	0.0000%	1h	22.906	+0.088%	$69K	—	5x
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−2.387%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.908	+0.095%	$875K	$416K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.894	+0.033%	$4.3M	$6.9M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.920	+0.148%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.880	−0.027%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.890	+0.017%	$223K	$64K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.890	+0.017%	$2.7M	$818K	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	22.910	+0.104%	$461K	$91K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.890	+0.017%	$1.9M	$610K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.910	+0.104%	—	$34.7M	—	as long as short
Variational Omni COMPlong	+0.0100%	8h	22.886	long leg	$15K	$31K	—
BloFin COMP-USDT	+0.0110%	8h	22.900	+0.060%	$239K	$161K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0200%	1h	22.930	+0.191%	$18K	$49K	25x	as long as short