Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0573%/8h= +62.7% APRpaid last 24h +0.126%

Price spread now: Variational Omni against Kraken Futures−0.538%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.538% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.538% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$54 on $10k: about 3.1 days of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_COMPUSD	22.593	−0.0473	get 0.0059% / 1h	52m 22s	$223K	$96K	20x
Short	Variational Omni COMP	22.471	0.0100	get 0.0100% / 8h	7h 52m	$14K	$24K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.538%Rate

Funding earned: $120.3
Price spread: −0.538% → 0.000%: −$53.78
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $56.52
Costs to cover: 0.100%
Break-even: 3.7 days

Slippage unknown: Kraken Futures: live order book, 45 min ago; Variational Omni: 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 Kraken Futures live order book, 45 min ago	31.52 bp	37.4 bp −$37	323.3 bp −$3,233	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	−0.0636%	1h	22.560	−0.145%	$284	$507	50x	as long as short
Kraken Futures PF_COMPUSDlong	−0.0473%	1h	22.593	long leg	$223K	$96K	20x
dYdX COMP-USD	0.0000%	1h	22.586	−0.029%	$68K	—	5x	as long as short
Injective COMP/USDC PERP	+0.0033%	1h	22.820	+1.006%	$1K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.551	−0.185%	$815K	$339K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.510	−0.366%	$4.2M	$6.6M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.530	−0.278%	$3.8M	$1.7M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.530	−0.278%	$1.7M	$2.3M	20x	as long as short
Gate COMP_USDT	+0.0100%	8h	22.550	−0.189%	$220K	$58K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.500	−0.411%	$2.6M	$819K	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	22.540	−0.234%	$407K	$112K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.520	−0.322%	$1.9M	$615K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.530	−0.278%	—	$14.1M	—	as long as short
Variational Omni COMPshort	+0.0100%	8h	22.471	−0.538%	$14K	$24K	—
BloFin COMP-USDT	+0.0121%	8h	22.460	−0.588%	$235K	$177K	20x	as long as short
Coinbase International COMP-PERP-INTX	+0.0792%	1h	22.530	−0.278%	$16K	$43K	25x	as long as short