Settings8H · net · $10k
Funding arb · Price arb /

DEEP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Binance−0.441%7-day average −0.290% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1401.397% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.059%−$6 on $10k
Price spread, last 7 days+0.123%+$12 · spread now −0.441%, 7d avg −0.290%
Together, before fees+0.064%+$6 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: Bybit is 0.151% cheaper against Binance than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.290%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance DEEPUSDT0.019990.0100pay 0.0050% / 4h37m 15s$2.1M$6.1M50x
ShortBybit DEEPUSDT0.019900.0100get 0.0100% / 8h37m 15s$4.2M$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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

Funding earned
$0
Price spread: −0.441% → −0.290%
−$15.09
Slippage, 4 orders
−$118.73
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$154.81
Costs to cover
1.397%
Break-even
never at this rate
Slippage from Binance: live order book, 1 min ago; Bybit: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 1 min ago5.00 bp26.5 bp −$27108.9 bp −$1,089doesn't fitdoesn't fit
Sell Bybit live order book, just now5.03 bp41.6 bp −$42209.1 bp −$2,091doesn't fitdoesn't fit

DEEP on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin DEEP-PERP−0.1384%1h0.01999+0.010%$82K$17K20xas long as short
Binance DEEPUSDTlong+0.0100%4h0.01999long leg$2.1M$6.1M50x
Bybit DEEPUSDTshort+0.0100%8h0.01990−0.441%$4.2M$2.7M50x
Gate DEEP_USDT+0.0100%4h0.01995−0.191%$306K$99K50xas long as short
MEXC DEEP_USDT+0.0100%4h0.01999+0.010%$1.1M$548K100xas long as short
KuCoin DEEPUSDTM+0.0100%4h0.01999+0.010%$1.8M$93K20xas long as short
Bitget DEEPUSDT+0.0100%4h0.01999+0.010%$864K$602K50xas long as short
Variational Omni DEEP+0.0100%8h0.01993−0.303%$13K$9Kas long as short
Extended DEEP-USD+0.0104%1h0.01998−0.019%$5K$221K5xas long as short
BloFin DEEP-USDT+0.0106%8h0.01992−0.341%$139K$34K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX DEEP-USDT+0.0200%4h0.01997−0.090%$6.7Mas long as short
Kraken Futures PF_DEEPUSD+1.3492%1h0.02019+1.009%$8K$7K10xas long as short