Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0420%/8h= −46.0% APRpaid last 24h −0.085%

Price spread now: KuCoin against Coinbase International−0.792%7-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 KuCoin

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 −$13 a day on $10k at the current rate, and KuCoin is 0.792% cheaper against Coinbase International than usual: you would sell low and buy high (−$79 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International COMP-PERP-INTX	22.720	0.0520	pay 0.0065% / 1h	6m 01s	$17K	$43K	25x
Short	KuCoin COMPUSDTM	22.540	0.0100	get 0.0100% / 8h	1h 06m	$407K	$114K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.792%Rate

Funding earned: −$88.2
Price spread: −0.792% → 0.000%: −$79.23
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$189.43
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; KuCoin: live order book, 37 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 KuCoin live order book, 37 min ago	11.09 bp	110.8 bp −$111	542.5 bp −$5,425	doesn't fit	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	−1.012%	$216	$439	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0383%	1h	22.535	−0.814%	$223K	$95K	20x	as long as short
dYdX COMP-USD	0.0000%	1h	22.526	−0.855%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.820	+0.440%	$1K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.534	−0.819%	$812K	$337K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.510	−0.924%	$4.2M	$6.6M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.520	−0.880%	$3.8M	$1.7M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.510	−0.924%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.520	−0.880%	$220K	$59K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.500	−0.968%	$2.5M	$822K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTMshort	+0.0100%	8h	22.540	−0.792%	$407K	$114K	30x
Bitget COMPUSDT	+0.0100%	8h	22.510	−0.924%	$1.9M	$609K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.530	−0.836%	—	$34.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.506	−0.943%	$14K	$30K	—	as long as short
BloFin COMP-USDT	+0.0115%	8h	22.520	−0.880%	$236K	$177K	20x	as long as short
Coinbase International COMP-PERP-INTXlong	+0.0520%	1h	22.720	long leg	$17K	$43K	25x