Funding arb · Price arb /

DEEP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.5562%/8h= +609.0% APRpaid last 24h +0.449%

Price spread now: KuCoin against Bluefin+0.101%56s7-day average — · you sell dearer than you buy

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

Long on Bluefin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+3.775%+$377 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$167 a day on $10k at the current rate, and KuCoin is 0.101% dearer against Bluefin than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 3.775% in total (about 196.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin DEEP-PERP	0.01972	−0.5462	get 0.0683% / 1h	45m 24s	$80K	$13K	20x
Short	KuCoin DEEPUSDTM	0.01974	0.0100	get 0.0050% / 4h	45m 24s	$1.8M	$92K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bluefin. 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 BluefinbpFee KuCoinbpOrdersPrice spread, now +0.101%Rate

Funding earned: $1,168.03
Price spread: +0.101% → 0.000%: $10.14
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $1,159.17
Costs to cover: 0.190%
Break-even: 0.1 days

Slippage unknown: Bluefin: no order-book sample; KuCoin: live order book, 1 min ago. 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 Bluefin no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 1 min ago	22.78 bp	270.5 bp −$270	doesn't fit	doesn't fit	doesn't fit

Bluefin: 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
Bluefin DEEP-PERPlong	−0.5462%	1h	0.01972	long leg	$80K	$13K	20x
Binance DEEPUSDT	+0.0100%	4h	0.01974	+0.094%	$2.1M	$6.1M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01967	−0.254%	$4.2M	$2.7M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.01971	−0.051%	$304K	$96K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.01973	+0.051%	$1.1M	$461K	100x	as long as short
KuCoin DEEPUSDTMshort	+0.0100%	4h	0.01974	+0.101%	$1.8M	$92K	20x
Bitget DEEPUSDT	+0.0100%	4h	0.01972	0.000%	$812K	$596K	50x	as long as short
BingX DEEP-USDT	+0.0100%	4h	0.01970	−0.101%	—	$6.6M	—	as long as short
Variational Omni DEEP	+0.0100%	8h	0.01969	−0.171%	$13K	$9K	—	as long as short
Extended DEEP-USD	+0.0104%	1h	0.01973	+0.026%	$4K	$202K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin DEEP-USDT	+0.0104%	8h	0.01969	−0.152%	$138K	$34K	50x	as long as short
Kraken Futures PF_DEEPUSD	+3.2333%	1h	0.01970	−0.108%	$7K	$7K	10x	as long as short