Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.030%

Price spread now: dYdX against OKX+0.243%7-day average — · you sell dearer than you buy

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

Long on OKX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.243% dearer against OKX than usual: you sell high and buy low (spread +0.243% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COMP-USDT-SWAP	22.790	0.0100	pay 0.0100% / 8h	6h 21m	$1.6M	$2.1M	20x
Short	dYdX COMP-USD	22.845	−0.0007	pay 0.0001% / 1h	21m 18s	$69K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.243%Rate

Funding earned: −$22.44
Price spread: +0.243% → 0.000%: $24.32
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$18.12
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 6 min ago; dYdX: 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, 6 min ago	2.19 bp	27.1 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 15 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	−0.0625%	1h	22.830	+0.176%	$333	$327	50x	as long as short
Kraken Futures PF_COMPUSD	−0.0619%	1h	22.845	+0.242%	$229K	$89K	20x	as long as short
dYdX COMP-USDshort	−0.0007%	1h	22.845	+0.243%	$69K	—	5x
Injective COMP/USDC PERP	+0.0033%	1h	22.620	−0.746%	$2K	$13K	12x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.797	+0.031%	$876K	$362K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.790	0.000%	$4.3M	$6.8M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.812	+0.097%	$3.9M	$2.0M	75x	as long as short
OKX COMP-USDT-SWAPlong	+0.0100%	8h	22.790	long leg	$1.6M	$2.1M	20x
Gate COMP_USDT	+0.0100%	8h	22.860	+0.307%	$224K	$57K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.780	−0.044%	$2.6M	$819K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COMPUSDTM	+0.0100%	8h	22.870	+0.351%	$460K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.790	0.000%	$1.9M	$625K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.830	+0.176%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.821	+0.137%	$15K	$29K	—	as long as short
Coinbase International COMP-PERP-INTX	+0.0232%	1h	22.930	+0.614%	$18K	$45K	25x	as long as short