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

DEEP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Bybit+0.552%7-day average +0.423% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,097as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,091as in the Price arb table
costs, in and out, $10k−$1,10411.038% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.072%+$7 on $10k
Price spread, last 7 days+0.007%+$1 · spread now +0.552%, 7d avg +0.423%
Together, before fees+0.079%+$8 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 0.130% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.423%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit DEEPUSDT0.019910.0100pay 0.0100% / 8h1h 42m$4.3M$2.6M50x
ShortKuCoin DEEPUSDTM0.020020.0100get 0.0050% / 4h1h 42m$1.8M$92K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.552% → +0.423%
$12.98
Slippage, 4 orders
−$1,080.8
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,090.82
Costs to cover
11.038%
Break-even
never at this rate
Slippage from Bybit: live order book, just now; KuCoin: live order book, 4 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, just now7.53 bp40.8 bp −$41247.3 bp −$2,473doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago12.50 bp444.0 bp −$444doesn'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−0.5418%1h0.02000+0.452%$82K$17K20xas long as short
BloFin DEEP-USDT+0.0079%8h0.01996+0.251%$139K$35K50xas long as short
Binance DEEPUSDT+0.0100%4h0.02000+0.452%$2.1M$6.0M50xas long as short
Bybit DEEPUSDTlong+0.0100%8h0.01991long leg$4.3M$2.6M50x
Gate DEEP_USDT+0.0100%4h0.01997+0.301%$306K$97K50xas long as short
MEXC DEEP_USDT+0.0100%4h0.01999+0.402%$1.0M$532K100xas long as short
KuCoin DEEPUSDTMshort+0.0100%4h0.02002+0.552%$1.8M$92K20x
Bitget DEEPUSDT+0.0100%4h0.02001+0.502%$850K$596K50xas long as short
Variational Omni DEEP+0.0100%8h0.01987−0.185%$11K$7Kas long as short
Extended DEEP-USD+0.0104%1h0.02000+0.434%$5K$221K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX DEEP-USDT+0.0200%4h0.01997+0.301%$6.7Mas long as short
Kraken Futures PF_DEEPUSD+0.1142%1h0.01999+0.417%$8K$7K10xas long as short