Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.090%

Price spread now: BloFin against Coinbase International−2.263%58s7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 2.263% cheaper against Coinbase International than usual: you would sell low and buy high (−$226 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International COMP-PERP-INTX	22.980	0.0408	pay 0.0051% / 1h	0m 05s	$18K	$44K	25x
Short	BloFin COMP-USDT	22.460	0.0092	get 0.0092% / 8h	3h 00m	$239K	$173K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −2.263%Rate

Funding earned: −$66.35
Price spread: −2.263% → 0.000%: −$226.28
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$314.64
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; BloFin: live order book, 21 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BloFin live order book, 21 min ago	6.63 bp	17.6 bp −$18	37.9 bp −$379	287.1 bp −$28.7K	doesn't fit

Coinbase International: 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	−0.0638%	1h	22.490	−2.132%	$216	$439	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0286%	1h	22.507	−2.056%	$223K	$94K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.515	−2.021%	$68K	—	5x	as long as short
BloFin COMP-USDTshort	+0.0092%	8h	22.460	−2.263%	$239K	$173K	20x
Hyperliquid COMP	+0.0100%	1h	22.507	−2.058%	$862K	$345K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.491	−2.127%	$4.3M	$6.3M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.500	−2.089%	$3.8M	$1.7M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.490	−2.132%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.470	−2.219%	$218K	$55K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.490	−2.132%	$2.4M	$820K	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	22.490	−2.132%	$420K	$104K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.490	−2.132%	$1.9M	$580K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.500	−2.089%	—	$34.6M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.496	−2.106%	$14K	$30K	—	as long as short
Coinbase International COMP-PERP-INTXlong	+0.0408%	1h	22.980	long leg	$18K	$44K	25x
Injective COMP/USDC PERP	+0.0542%	1h	22.820	−0.696%	$1K	$13K	12x	as long as short