Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0965%/8h= −105.7% APRpaid last 24h −0.060%

Price spread now: Kraken Futures against BloFin+0.197%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1000.998% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.270%−$27 on $10k

Price spread, last 3 days (all we have)−0.035%−$3 · spread now +0.197%, 7d avg +0.121%

Together, before fees−0.305%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.076% dearer against BloFin than usual: you sell high and buy low (spread +0.197% now, against its 7-day average of +0.121%): +$8 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.270% in total) that is about 47 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.270% in total (about -14.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin COMP-USDT	22.470	0.0106	pay 0.0106% / 8h	1h 14m	$236K	$148K	20x
Short	Kraken Futures PF_COMPUSD	22.514	−0.0859	pay 0.0107% / 1h	14m 59s	$237K	$62K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.197%Rate

Funding earned: −$202.63
Price spread: +0.197% → +0.121%: $7.63
Slippage, 4 orders: −$77.8
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$294.8
Costs to cover: 0.998%
Break-even: never at this rate

Slippage from BloFin: live order book, 61 min ago; Kraken Futures: live order book, 3 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 BloFin live order book, 61 min ago	8.93 bp	19.6 bp −$20	36.3 bp −$363	347.1 bp −$34.7K	doesn't fit
Sell Kraken Futures live order book, 3 min ago	10.24 bp	30.1 bp −$30	95.1 bp −$951	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
Kraken Futures PF_COMPUSDshort	−0.0859%	1h	22.514	+0.197%	$237K	$62K	20x
Deribit COMP_USDC-PERPETUAL	−0.0639%	1h	22.470	0.000%	$328	$327	50x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	−0.579%	$2K	$13K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.467	−0.014%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.520	+0.223%	$18K	$53K	25x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.487	+0.076%	$844K	$493K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.470	0.000%	$4.2M	$7.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.464	−0.027%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.480	+0.045%	$1.6M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.460	−0.045%	$220K	$78K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC COMP_USDT	+0.0100%	8h	22.470	0.000%	$2.7M	$844K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.480	+0.045%	$454K	$94K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.480	+0.045%	$1.9M	$673K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.480	+0.045%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.432	−0.168%	$15K	$37K	—	as long as short
BloFin COMP-USDTlong	+0.0106%	8h	22.470	long leg	$236K	$148K	20x