Funding arb · Price arb /

COMP

all COMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0484%/8h= +53.0% APRpaid last 24h +0.091%

Price spread now: Coinbase International against OKX−0.087%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.087% cheaper against OKX than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 14 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COMP-USDT-SWAP	22.940	0.0100	pay 0.0100% / 8h	5h 35m	$1.7M	$2.1M	20x
Short	Coinbase International COMP-PERP-INTX	22.920	0.0584	get 0.0073% / 1h	35m 32s	$18K	$45K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.087%Rate

Funding earned: $101.64
Price spread: −0.087% → 0.000%: −$8.72
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $72.92
Costs to cover: 0.200%
Break-even: 2.0 days

Slippage unknown: OKX: live order book, 1 min ago; Coinbase International: 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 OKX live order book, 1 min ago	2.18 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Kraken Futures PF_COMPUSD	−0.0545%	1h	22.961	+0.090%	$230K	$88K	20x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0186%	1h	22.940	0.000%	$335	$327	50x	as long as short
dYdX COMP-USD	−0.0128%	1h	22.925	−0.064%	$69K	—	5x	as long as short
BloFin COMP-USDT	+0.0061%	8h	22.820	−0.523%	$238K	$168K	20x	as long as short
MEXC COMP_USDT	+0.0078%	8h	22.940	0.000%	$2.6M	$811K	20x	as long as short
Binance COMPUSDT	+0.0081%	8h	22.920	−0.086%	$4.3M	$6.7M	75x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.921	−0.083%	$881K	$360K	5x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.950	+0.044%	$4.0M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAPlong	+0.0100%	8h	22.940	long leg	$1.7M	$2.1M	20x
Gate COMP_USDT	+0.0100%	8h	22.930	−0.044%	$226K	$56K	25x	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	22.950	+0.044%	$461K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.940	0.000%	$1.9M	$614K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.950	+0.044%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.921	−0.085%	$15K	$29K	—	as long as short
Injective COMP/USDC PERP	+0.0488%	1h	22.820	−0.523%	$1K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTXshort	+0.0584%	1h	22.920	−0.087%	$18K	$45K	25x