Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against KuCoin−0.071%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$463as in the Funding arb table

Net, price: spread back to 7d avg − costs−$471as in the Price arb table

costs, in and out, $10k−$4634.635% of the position

Long on KuCoin Short on Hyperliquid

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)+0.174%+$17 · spread now −0.071%, 7d avg +0.004%

Together, before fees+0.174%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 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: Hyperliquid is 0.075% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.430	0.0100	pay 0.0100% / 8h	1h 35m	$453K	$95K	30x
Short	Hyperliquid COMP	22.414	0.0100	get 0.0013% / 1h	35m 42s	$841K	$494K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → +0.004%: −$7.53
Slippage, 4 orders: −$442.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$471.01
Costs to cover: 4.635%
Break-even: never at this rate

Slippage from KuCoin: live order book, 36 min ago; Hyperliquid: live order book, 44 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, 36 min ago	13.40 bp	206.0 bp −$206	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 44 min ago	1.78 bp	29.6 bp −$30	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
Kraken Futures PF_COMPUSD	−0.0862%	1h	22.433	+0.013%	$236K	$82K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0642%	1h	22.400	−0.134%	$327	$327	50x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	−0.401%	$2K	$13K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.437	+0.031%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.460	+0.134%	$18K	$53K	25x	as long as short
BloFin COMP-USDT	+0.0072%	8h	22.400	−0.134%	$236K	$148K	20x	as long as short
Hyperliquid COMPshort	+0.0100%	1h	22.414	−0.071%	$841K	$494K	5x
Binance COMPUSDT	+0.0100%	8h	22.395	−0.156%	$4.2M	$7.4M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.400	−0.134%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.400	−0.134%	$1.6M	$2.2M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate COMP_USDT	+0.0100%	8h	22.400	−0.134%	$219K	$78K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.400	−0.134%	$2.7M	$843K	20x	as long as short
KuCoin COMPUSDTMlong	+0.0100%	8h	22.430	long leg	$453K	$95K	30x
Bitget COMPUSDT	+0.0100%	8h	22.430	0.000%	$1.9M	$685K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.420	−0.045%	—	$36.4M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.432	+0.011%	$15K	$37K	—	as long as short