Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against OKX+0.031%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$930.928% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.061%+$6 · spread now +0.031%, 7d avg +0.073%

Together, before fees+0.074%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 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 0.042% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COMP-USDT-SWAP	22.860	0.0100	pay 0.0100% / 8h	5h 42m	$1.6M	$2.0M	20x
Short	Hyperliquid COMP	22.867	0.0100	get 0.0013% / 1h	42m 47s	$879K	$360K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.073%: −$4.19
Slippage, 4 orders: −$73.75
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$96.94
Costs to cover: 0.928%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Hyperliquid: live order book, 67 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 OKX live order book, 4 min ago	2.20 bp	27.3 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 67 min ago	1.32 bp	19.6 bp −$20	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	−0.0547%	1h	22.884	+0.104%	$230K	$88K	20x	as long as short
dYdX COMP-USD	−0.0192%	1h	22.800	−0.262%	$69K	—	5x	as long as short
Deribit COMP_USDC-PERPETUAL	−0.0187%	1h	22.870	+0.044%	$334	$327	50x	as long as short
MEXC COMP_USDT	+0.0071%	8h	22.850	−0.044%	$2.6M	$807K	20x	as long as short
Binance COMPUSDT	+0.0074%	8h	22.865	+0.021%	$4.3M	$6.7M	75x	as long as short
BloFin COMP-USDT	+0.0099%	8h	22.790	−0.306%	$239K	$168K	20x	as long as short
Hyperliquid COMPshort	+0.0100%	1h	22.867	+0.031%	$879K	$360K	5x
Bybit COMPUSDT	+0.0100%	8h	22.872	+0.052%	$3.9M	$1.9M	75x	as long as short
OKX COMP-USDT-SWAPlong	+0.0100%	8h	22.860	long leg	$1.6M	$2.0M	20x
Gate COMP_USDT	+0.0100%	8h	22.820	−0.175%	$224K	$55K	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	22.820	−0.175%	$459K	$89K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.850	−0.044%	$1.9M	$609K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.820	−0.175%	—	$34.7M	—	as long as short
Variational Omni COMP	+0.0100%	8h	22.731	−0.564%	$15K	$29K	—	as long as short
Injective COMP/USDC PERP	+0.0488%	1h	22.620	−1.050%	$2K	$13K	12x	as long as short
Coinbase International COMP-PERP-INTX	+0.0584%	1h	22.930	+0.306%	$18K	$45K	25x	as long as short