Funding arb · Price arb /

DEEP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.005%

Price spread now: Variational Omni against BingX−0.484%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.484% cheaper against BingX than usual: you would sell low and buy high (−$48 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX DEEP-USDT	0.01975	0.0200	pay 0.0100% / 4h	1h 57m	—	$6.7M	—
Short	Variational Omni DEEP	0.01965	0.0100	get 0.0100% / 8h	1h 57m	$11K	$7K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now −0.484%Rate

Funding earned: −$21
Price spread: −0.484% → 0.000%: −$48.45
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$79.45
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 10 min ago; Variational Omni: 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 BingX live order book, 10 min ago	7.61 bp	29.2 bp −$29	81.9 bp −$819	567.2 bp −$56.7K	1111.2 bp −$555.6K
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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.

DEEP on 12 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
Binance DEEPUSDT	+0.0100%	4h	0.01976	+0.075%	$2.1M	$6.0M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01969	−0.304%	$4.2M	$2.6M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.01974	−0.051%	$304K	$96K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.01975	0.000%	$1.0M	$514K	100x	as long as short
KuCoin DEEPUSDTM	+0.0100%	4h	0.01980	+0.253%	$1.8M	$92K	20x	as long as short
Bitget DEEPUSDT	+0.0100%	4h	0.01977	+0.101%	$839K	$596K	50x	as long as short
Variational Omni DEEPshort	+0.0100%	8h	0.01965	−0.484%	$11K	$7K	—
Extended DEEP-USD	+0.0104%	1h	0.01976	+0.035%	$5K	$221K	5x	as long as short
BloFin DEEP-USDT	+0.0128%	8h	0.01967	−0.405%	$137K	$34K	50x	as long as short
BingX DEEP-USDTlong	+0.0200%	4h	0.01975	long leg	—	$6.7M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin DEEP-PERP	+0.0237%	1h	0.01973	−0.101%	$80K	$15K	20x	as long as short
Kraken Futures PF_DEEPUSD	+0.1158%	1h	0.01972	−0.155%	$8K	$7K	10x	as long as short