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

DEEP

all DEEP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Bybit+0.305%7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$876as in the Funding arb table
Net, price: spread back to 7d avg − costs−$863as in the Price arb table
costs, in and out, $10k−$8798.792% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.032%+$3 on $10k
Price spread, last 4 days (all we have)−0.284%−$28 · spread now +0.305%, 7d avg +0.142%
Together, before fees−0.253%−$25 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: Gate is 0.163% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.142%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit DEEPUSDT0.019670.0100pay 0.0100% / 8h3h 34m$4.2M$2.8M50x
ShortGate DEEP_USDT0.019730.0100get 0.0050% / 4h3h 34m$305K$88K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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
$0
Price spread: +0.305% → +0.142%
$16.34
Slippage, 4 orders
−$853.16
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$862.82
Costs to cover
8.792%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 15 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 Bybit live order book, 3 min ago5.06 bp33.9 bp −$34437.5 bp −$4,375doesn't fitdoesn't fit
Sell Gate live order book, 15 min ago7.62 bp559.5 bp −$559doesn't fitdoesn'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−0.7983%1h0.01954−0.661%$80K$11K20xas long as short
Binance DEEPUSDT+0.0100%4h0.01974+0.356%$2.1M$6.1M50xas long as short
Bybit DEEPUSDTlong+0.0100%8h0.01967long leg$4.2M$2.8M50x
Gate DEEP_USDTshort+0.0100%4h0.01973+0.305%$305K$88K50x
MEXC DEEP_USDT+0.0100%4h0.01973+0.305%$1.1M$463K100xas long as short
KuCoin DEEPUSDTM+0.0100%4h0.01979+0.610%$1.8M$93K20xas long as short
Bitget DEEPUSDT+0.0100%4h0.01974+0.356%$821K$575K50xas long as short
BingX DEEP-USDT+0.0100%4h0.01974+0.356%$6.6Mas long as short
Variational Omni DEEP+0.0100%8h0.01969+0.084%$13K$9Kas long as short
BloFin DEEP-USDT+0.0102%8h0.019670.000%$137K$33K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended DEEP-USD+0.0104%1h0.01975+0.428%$4K$199K5xas long as short
Kraken Futures PF_DEEPUSD+0.2218%1h0.01973+0.296%$7K$9K10xas long as short