Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.028%

Price spread now: BloFin against dYdX−0.157%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

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. BloFin is 0.157% cheaper against dYdX than usual: you would sell low and buy high (spread −0.157% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 6.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX COMP-USD	22.585	0	get 0.0000% / 1h	53m 03s	$68K	—	5x
Short	BloFin COMP-USDT	22.550	0.0079	get 0.0079% / 8h	2h 53m	$242K	$173K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now −0.157%Rate

Funding earned: $16.6
Price spread: −0.157% → 0.000%: −$15.71
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$21.11
Costs to cover: 0.220%
Break-even: 15.9 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 28 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 dYdX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 28 min ago	6.63 bp	17.6 bp −$18	37.9 bp −$379	287.1 bp −$28.7K	doesn't fit

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
Deribit COMP_USDC-PERPETUAL	−0.0635%	1h	22.590	+0.020%	$217	$439	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0528%	1h	22.617	+0.139%	$224K	$94K	20x	as long as short
dYdX COMP-USDlong	0.0000%	1h	22.585	long leg	$68K	—	5x
BloFin COMP-USDTshort	+0.0079%	8h	22.550	−0.157%	$242K	$173K	20x
Hyperliquid COMP	+0.0100%	1h	22.605	+0.086%	$866K	$344K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.581	−0.021%	$4.3M	$6.3M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.589	+0.016%	$3.9M	$1.7M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.590	+0.020%	$1.7M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.570	−0.069%	$219K	$55K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.580	−0.024%	$2.4M	$776K	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	22.580	−0.024%	$420K	$104K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.580	−0.024%	$1.9M	$581K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.580	−0.024%	—	$34.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.601	+0.069%	$14K	$30K	—	as long as short
Injective COMP/USDC PERP	+0.0239%	1h	22.820	+1.038%	$1K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTX	+0.0384%	1h	22.980	+1.747%	$18K	$44K	25x	as long as short