Funding arb · Price arb /

DEEP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.050%7-day average +0.143% · you sell dearer than you buy

Net, funding: paid 7d − costs−$590as in the Funding arb table

Net, price: spread back to 7d avg − costs−$601as in the Price arb table

costs, in and out, $10k−$5925.917% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.103%+$10 · spread now +0.050%, 7d avg +0.143%

Together, before fees+0.116%+$12 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: KuCoin is 0.093% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.143%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DEEPUSDT	0.01994	0.0100	pay 0.0050% / 4h	33m 46s	$862K	$605K	50x
Short	KuCoin DEEPUSDTM	0.01995	0.0100	get 0.0050% / 4h	33m 46s	$1.8M	$93K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.143%: −$9.25
Slippage, 4 orders: −$567.75
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$601
Costs to cover: 5.917%
Break-even: never at this rate

Slippage from Bitget: live order book, 42 min ago; KuCoin: live order book, 2 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 Bitget live order book, 42 min ago	7.53 bp	25.9 bp −$26	144.1 bp −$1,441	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	12.53 bp	329.0 bp −$329	doesn't fit	doesn't fit	doesn't fit

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
Bluefin DEEP-PERP	−0.0934%	1h	0.01996	+0.100%	$81K	$17K	20x	as long as short
Binance DEEPUSDT	+0.0100%	4h	0.01996	+0.082%	$2.1M	$6.1M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01986	−0.401%	$4.2M	$2.7M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.01993	−0.050%	$305K	$99K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.01995	+0.050%	$1.1M	$548K	100x	as long as short
KuCoin DEEPUSDTMshort	+0.0100%	4h	0.01995	+0.050%	$1.8M	$93K	20x
Bitget DEEPUSDTlong	+0.0100%	4h	0.01994	long leg	$862K	$605K	50x
Variational Omni DEEP	+0.0100%	8h	0.01990	−0.212%	$13K	$9K	—	as long as short
Extended DEEP-USD	+0.0104%	1h	0.01995	+0.033%	$5K	$221K	5x	as long as short
BloFin DEEP-USDT	+0.0121%	8h	0.01990	−0.201%	$138K	$34K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DEEP-USDT	+0.0200%	4h	0.01992	−0.100%	—	$6.7M	—	as long as short
Kraken Futures PF_DEEPUSD	+1.3517%	1h	0.02015	+1.067%	$8K	$7K	10x	as long as short