Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0734%/8h= −80.4% APRpaid last 24h −0.178%

Price spread now: Deribit against Gate+0.177%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.177% dearer against Gate than usual: you sell high and buy low (spread +0.177% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COMP_USDT	22.560	0.0100	pay 0.0100% / 8h	55m 39s	$221K	$70K	25x
Short	Deribit COMP_USDC-PERPETUAL	22.600	−0.0634	pay 0.0079% / 1h	55m 39s	$330	$327	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now +0.177%Rate

Funding earned: −$154.18
Price spread: +0.177% → 0.000%: $17.73
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$158.45
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 16 min ago; Deribit: no order-book sample. 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 Gate live order book, 16 min ago	6.69 bp	75.0 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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 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_COMPUSD	−0.0722%	1h	22.642	+0.365%	$238K	$62K	20x	as long as short
Deribit COMP_USDC-PERPETUALshort	−0.0634%	1h	22.600	+0.177%	$330	$327	50x
dYdX COMP-USD	0.0000%	1h	22.590	+0.133%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−0.975%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.620	+0.266%	$849K	$493K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.610	+0.222%	$4.3M	$7.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.619	+0.262%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.630	+0.310%	$1.6M	$2.2M	20x	as long as short
Gate COMP_USDTlong	+0.0100%	8h	22.560	long leg	$221K	$70K	25x
MEXC COMP_USDT	+0.0100%	8h	22.600	+0.177%	$2.7M	$832K	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	22.610	+0.222%	$457K	$93K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.620	+0.266%	$1.9M	$671K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.620	+0.266%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.487	−0.324%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0120%	8h	22.560	0.000%	$236K	$151K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0136%	1h	22.600	+0.177%	$17K	$54K	25x	as long as short