Funding arb · Price arb /

COMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1186%/8h= −129.8% APRpaid last 24h −0.170%

Price spread now: Deribit against Variational Omni+0.609%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.609% dearer against Variational Omni than usual: you sell high and buy low (spread +0.609% now, against zero (this spread has no 7-day history yet)): +$61 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni COMP	22.294	0.0100	pay 0.0100% / 8h	2h 33m	$15K	$37K	—
Short	Deribit COMP_USDC-PERPETUAL	22.430	−0.1086	pay 0.0136% / 1h	33m 37s	$229	$229	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now +0.609%Rate

Funding earned: −$249
Price spread: +0.609% → 0.000%: $60.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$195.1
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Deribit: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Variational Omni and Deribit: 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
Injective COMP/USDC PERP	−0.1289%	1h	22.060	−1.051%	$3K	$12K	12x	as long as short
Deribit COMP_USDC-PERPETUALshort	−0.1086%	1h	22.430	+0.609%	$229	$229	50x
Kraken Futures PF_COMPUSD	−0.0846%	1h	22.452	+0.707%	$236K	$85K	20x	as long as short
Coinbase International COMP-PERP-INTX	−0.0024%	1h	22.470	+0.788%	$18K	$53K	25x	as long as short
dYdX COMP-USD	0.0000%	1h	22.449	+0.695%	$68K	—	5x	as long as short
BloFin COMP-USDT	+0.0096%	8h	22.360	+0.295%	$238K	$155K	20x	as long as short
Hyperliquid COMP	+0.0100%	1h	22.450	+0.699%	$843K	$539K	5x	as long as short
Binance COMPUSDT	+0.0100%	8h	22.414	+0.537%	$4.2M	$8.1M	75x	as long as short
Bybit COMPUSDT	+0.0100%	8h	22.424	+0.582%	$3.8M	$2.2M	75x	as long as short
OKX COMP-USDT-SWAP	+0.0100%	8h	22.410	+0.519%	$1.6M	$2.3M	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	22.420	+0.564%	$220K	$83K	25x	as long as short
MEXC COMP_USDT	+0.0100%	8h	22.410	+0.519%	$2.6M	$847K	20x	as long as short
KuCoin COMPUSDTM	+0.0100%	8h	22.440	+0.654%	$454K	$110K	30x	as long as short
Bitget COMPUSDT	+0.0100%	8h	22.420	+0.564%	$1.9M	$768K	75x	as long as short
BingX COMP-USDT	+0.0100%	8h	22.410	+0.519%	—	$36.4M	—	as long as short
Variational Omni COMPlong	+0.0100%	8h	22.294	long leg	$15K	$37K	—