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: OKX against KuCoin0.000%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$466as in the Funding arb table

Net, price: spread back to 7d avg − costs−$459as in the Price arb table

costs, in and out, $10k−$4644.642% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now 0.000%, 7d avg −0.054%

Together, before fees+0.003%$0 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: OKX is 0.054% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COMPUSDTM	22.490	0.0100	pay 0.0100% / 8h	1h 06m	$454K	$94K	30x
Short	OKX COMP-USDT-SWAP	22.490	0.0100	get 0.0100% / 8h	1h 06m	$1.6M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.054%: $5.38
Slippage, 4 orders: −$442.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$458.86
Costs to cover: 4.642%
Break-even: never at this rate

Slippage from KuCoin: live order book, 65 min ago; OKX: live order book, 5 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, 65 min ago	13.40 bp	206.0 bp −$206	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.23 bp	23.2 bp −$23	447.4 bp −$4,474	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	−0.0858%	1h	22.523	+0.145%	$237K	$62K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0639%	1h	22.480	−0.044%	$328	$327	50x	as long as short
Injective COMP/USDC PERP	−0.0449%	1h	22.340	−0.667%	$2K	$13K	12x	as long as short
dYdX COMP-USD	0.0000%	1h	22.487	−0.014%	$68K	—	5x	as long as short
Coinbase International COMP-PERP-INTX	+0.0040%	1h	22.520	+0.133%	$18K	$53K	25x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.515	+0.113%	$845K	$493K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.483	−0.032%	$4.2M	$7.2M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.500	+0.044%	$3.8M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAPshort	+0.0100%	8h	22.490	0.000%	$1.6M	$2.2M	20x
Gate COMP_USDT	+0.0100%	8h	22.450	−0.178%	$220K	$78K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC COMP_USDT	+0.0100%	8h	22.490	0.000%	$2.7M	$845K	20x	as long as short
KuCoin COMPUSDTMlong	+0.0100%	8h	22.490	long leg	$454K	$94K	30x
Bitget COMPUSDT	+0.0100%	8h	22.490	0.000%	$1.9M	$672K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.470	−0.089%	—	$36.0M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.447	−0.191%	$15K	$37K	—	as long as short
BloFin COMP-USDT	+0.0123%	8h	22.490	0.000%	$237K	$150K	20x	as long as short