Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0822%/8h= +90.0% APRpaid last 24h +0.059%

Price spread now: Bitget against Kraken Futures+0.130%7-day average −0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$1081.083% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 on $10k

Price spread, last 3 days (all we have)−0.255%−$25 · spread now +0.130%, 7d avg −0.145%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Bitget is 0.275% dearer against Kraken Futures than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.145%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.264% in total (about 13.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_COMPUSD	22.661	−0.0722	get 0.0090% / 1h	50m 46s	$239K	$62K	20x
Short	Bitget COMPUSDT	22.690	0.0100	get 0.0100% / 8h	50m 46s	$1.9M	$670K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now +0.130%Rate

Funding earned: $172.54
Price spread: +0.130% → −0.145%: $27.51
Slippage, 4 orders: −$86.32
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $91.72
Costs to cover: 1.083%
Break-even: 3.3 days

Slippage from Kraken Futures: live order book, 27 min ago; Bitget: live order book, 1 min ago.

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 Kraken Futures live order book, 27 min ago	10.24 bp	35.2 bp −$35	315.9 bp −$3,159	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.21 bp	23.3 bp −$23	54.7 bp −$547	doesn't fit	doesn't fit

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_COMPUSDlong	−0.0722%	1h	22.661	long leg	$239K	$62K	20x
Deribit COMP_USDC-PERPETUAL	−0.0633%	1h	22.620	−0.179%	$330	$327	50x	as long as short
dYdX COMP-USD	0.0000%	1h	22.687	+0.117%	$69K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.340	−1.415%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.644	−0.073%	$850K	$491K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.690	+0.130%	$4.3M	$7.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.680	+0.086%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.710	+0.218%	$1.6M	$2.2M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.600	−0.267%	$221K	$70K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.670	+0.041%	$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	22.710	+0.218%	$458K	$94K	30x	as long as short
Bitget COMPUSDTshort	+0.0100%	8h	22.690	+0.130%	$1.9M	$670K	75x
BingX COMP-USDT	+0.0100%	8h	22.680	+0.086%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.572	−0.392%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0125%	8h	22.630	−0.135%	$236K	$153K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0136%	1h	22.660	−0.003%	$17K	$54K	25x	as long as short