Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0301%/8h= +33.0% APRpaid last 24h +0.184%

Price spread now: KuCoin against Deribit−0.045%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on KuCoin

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—needs both histories

Funding pays, the price is against you. KuCoin is 0.045% cheaper against Deribit than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit COMP_USDC-PERPETUAL	22.150	−0.0201	get 0.0025% / 1h	47m 45s	$279	$507	50x
Short	KuCoin COMPUSDTM	22.140	0.0100	get 0.0100% / 8h	4h 47m	$460K	$122K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now −0.045%Rate

Funding earned: $63.26
Price spread: −0.045% → 0.000%: −$4.51
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $39.75
Costs to cover: 0.190%
Break-even: 2.6 days

Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 47 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 Deribit no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 47 min ago	9.03 bp	71.8 bp −$72	459.4 bp −$4,594	doesn't fit	doesn't fit

Deribit: 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 exchanges

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-PERPETUALlong	−0.0201%	1h	22.150	long leg	$279	$507	50x
dYdX COMP-USD	0.0000%	1h	22.164	+0.065%	$67K	$16	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.820	+3.025%	$1K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.147	−0.014%	$807K	$323K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.138	−0.056%	$4.1M	$6.3M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.144	−0.027%	$3.8M	$1.5M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.140	−0.045%	$1.6M	$2.1M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.090	−0.271%	$215K	$54K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.140	−0.045%	$2.4M	$830K	20x	as long as short
KuCoin COMPUSDTMshort	+0.0100%	8h	22.140	−0.045%	$460K	$122K	30x

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget COMPUSDT	+0.0100%	8h	22.150	0.000%	$1.8M	$594K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.140	−0.045%	—	$13.9M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.109	−0.184%	$13K	$16K	—	as long as short
BloFin COMP-USDT	+0.0107%	8h	22.100	−0.226%	$231K	$150K	20x	as long as short
Kraken Futures PF_COMPUSD	+0.0193%	1h	22.170	+0.089%	$219K	$79K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0744%	1h	22.400	+1.129%	$16K	$39K	25x	as long as short