Funding arb · Price arb /

DEEP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.004%

Price spread now: Extended against BloFin+0.441%74s7-day average +0.247% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1511.507% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now +0.441%, 7d avg +0.247%

Together, before fees+0.089%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.194% dearer against BloFin than usual: you sell high and buy low (spread +0.441% now, against its 7-day average of +0.247%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 30 days. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DEEP-USDT	0.01991	0.0126	pay 0.0126% / 8h	1h 39m	$138K	$35K	50x
Short	Extended DEEP-USD	0.02000	0.0104	get 0.0013% / 1h	39m 50s	$5K	$221K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.441%Rate

Funding earned: −$4.52
Price spread: +0.441% → +0.247%: $19.4
Slippage, 4 orders: −$133.68
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$135.8
Costs to cover: 1.507%
Break-even: never at this rate

Slippage from BloFin: live order book, 33 min ago; Extended: live order book, 42 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 BloFin live order book, 33 min ago	7.63 bp	34.7 bp −$35	135.8 bp −$1,358	doesn't fit	doesn't fit
Sell Extended live order book, 42 min ago	5.80 bp	48.5 bp −$49	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	−0.4704%	1h	0.02001	+0.502%	$82K	$17K	20x	as long as short
Binance DEEPUSDT	+0.0100%	4h	0.02001	+0.502%	$2.1M	$6.0M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01992	+0.050%	$4.3M	$2.6M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.01997	+0.301%	$306K	$97K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.02001	+0.502%	$1.0M	$532K	100x	as long as short
KuCoin DEEPUSDTM	+0.0100%	4h	0.02001	+0.502%	$1.8M	$93K	20x	as long as short
Bitget DEEPUSDT	+0.0100%	4h	0.02003	+0.603%	$851K	$596K	50x	as long as short
Variational Omni DEEP	+0.0100%	8h	0.01992	+0.039%	$11K	$7K	—	as long as short
Extended DEEP-USDshort	+0.0104%	1h	0.02000	+0.441%	$5K	$221K	5x
BloFin DEEP-USDTlong	+0.0126%	8h	0.01991	long leg	$138K	$35K	50x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DEEP-USDT	+0.0200%	4h	0.01999	+0.402%	—	$6.7M	—	as long as short
Kraken Futures PF_DEEPUSD	+0.1142%	1h	0.02000	+0.450%	$8K	$7K	10x	as long as short