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

DEEP

all DEEP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h −0.003%
Price spread now: BloFin against Bitget−0.652%7-day average −0.277% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1271.268% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.052%−$5 on $10k
Price spread, last 3 days (all we have)+0.143%+$14 · spread now −0.652%, 7d avg −0.277%
Together, before fees+0.091%+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.375% cheaper against Bitget than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.277%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget DEEPUSDT0.019950.0100pay 0.0050% / 4h1h 01m$850K$596K50x
ShortBloFin DEEP-USDT0.019820.0086get 0.0086% / 8h1h 01m$138K$34K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
−$2.9
Price spread: −0.652% → −0.277%
−$37.5
Slippage, 4 orders
−$102.81
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$167.21
Costs to cover
1.268%
Break-even
never at this rate
Slippage from Bitget: live order book, 15 min ago; BloFin: live order book, 72 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 15 min ago7.53 bp25.9 bp −$26144.1 bp −$1,441doesn't fitdoesn't fit
Sell BloFin live order book, 72 min ago7.63 bp23.4 bp −$2388.7 bp −$887doesn'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−0.1737%1h0.01986−0.451%$81K$17K20xas long as short
BloFin DEEP-USDTshort+0.0086%8h0.01982−0.652%$138K$34K50x
Binance DEEPUSDT+0.0100%4h0.01993−0.116%$2.1M$6.0M50xas long as short
Bybit DEEPUSDT+0.0100%8h0.01981−0.702%$4.2M$2.6M50xas long as short
Gate DEEP_USDT+0.0100%4h0.01987−0.401%$305K$98K50xas long as short
MEXC DEEP_USDT+0.0100%4h0.01991−0.201%$1.1M$548K100xas long as short
KuCoin DEEPUSDTM+0.0100%4h0.01990−0.251%$1.8M$92K20xas long as short
Bitget DEEPUSDTlong+0.0100%4h0.01995long leg$850K$596K50x
Variational Omni DEEP+0.0100%8h0.01981−0.715%$13K$9Kas long as short
Extended DEEP-USD+0.0104%1h0.01993−0.098%$5K$221K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX DEEP-USDT+0.0200%4h0.01991−0.201%$6.7Mas long as short
Kraken Futures PF_DEEPUSD+0.1137%1h0.02009+0.724%$8K$7K10xas long as short