Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin+0.089%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$703as in the Funding arb table

Net, price: spread back to 7d avg − costs−$689as in the Price arb table

costs, in and out, $10k−$7037.026% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.089%, 7d avg −0.045%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.134% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.510	0.0100	pay 0.0100% / 8h	2h 22m	$455K	$103K	30x
Short	Gate COMP_USDT	22.530	0.0100	get 0.0100% / 8h	2h 22m	$221K	$83K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee GatebpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.045%: $13.41
Slippage, 4 orders: −$675.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$689.17
Costs to cover: 7.026%
Break-even: never at this rate

Slippage from KuCoin: live order book, 60 min ago; Gate: live order book, 61 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 KuCoin live order book, 60 min ago	26.79 bp	294.3 bp −$294	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 61 min ago	11.19 bp	71.3 bp −$71	doesn't fit	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
Injective COMP/USDC PERP	−0.1289%	1h	22.190	−1.422%	$3K	$12K	12x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.1082%	1h	22.490	−0.089%	$229	$229	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0842%	1h	22.535	+0.112%	$237K	$84K	20x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.530	+0.089%	$18K	$53K	25x	as long as short
dYdX COMP-USD	0.0000%	1h	22.538	+0.123%	$68K	—	5x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.495	−0.067%	$844K	$518K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.490	−0.089%	$4.2M	$8.0M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.472	−0.169%	$3.8M	$2.1M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.460	−0.222%	$1.6M	$2.3M	20x	as long as short
Gate COMP_USDTshort	+0.0100%	8h	22.530	+0.089%	$221K	$83K	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC COMP_USDT	+0.0100%	8h	22.480	−0.133%	$2.6M	$848K	20x	as long as short
KuCoin COMPUSDTMlong	+0.0100%	8h	22.510	long leg	$455K	$103K	30x
Bitget COMPUSDT	+0.0100%	8h	22.470	−0.178%	$1.9M	$754K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.500	−0.044%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.514	+0.019%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0102%	8h	22.510	0.000%	$237K	$150K	20x	as long as short