Funding arb · Price arb /

DEEP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit−1.280%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 1.280% cheaper against Bybit than usual: you would sell low and buy high, −$128 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DEEPUSDT	0.01980	0.0100	pay 0.0100% / 8h	4h 31m	$4.3M	$2.7M	50x
Short	Variational Omni DEEP	0.01955	0.0100	get 0.0100% / 8h	4h 31m	$13K	$9K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −1.280%Rate

Funding earned: $0
Price spread: −1.280% → 0.000%: −$127.99
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$138.99
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: no order-book sample. 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 Bybit live order book, 1 min ago	5.06 bp	35.8 bp −$36	338.9 bp −$3,389	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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-PERP	−0.2859%	1h	0.01969	−0.556%	$80K	$13K	20x	as long as short
Binance DEEPUSDT	+0.0100%	4h	0.01987	+0.342%	$2.1M	$6.1M	50x	as long as short
Bybit DEEPUSDTlong	+0.0100%	8h	0.01980	long leg	$4.3M	$2.7M	50x
Gate DEEP_USDT	+0.0100%	4h	0.01979	−0.051%	$305K	$96K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.01985	+0.253%	$1.1M	$466K	100x	as long as short
KuCoin DEEPUSDTM	+0.0100%	4h	0.01980	0.000%	$1.8M	$92K	20x	as long as short
Bitget DEEPUSDT	+0.0100%	4h	0.01984	+0.202%	$817K	$596K	50x	as long as short
BingX DEEP-USDT	+0.0100%	4h	0.01984	+0.202%	—	$6.6M	—	as long as short
Variational Omni DEEPshort	+0.0100%	8h	0.01955	−1.280%	$13K	$9K	—
Extended DEEP-USD	+0.0104%	1h	0.01985	+0.273%	$4K	$199K	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	+0.0108%	8h	0.01957	−1.162%	$137K	$33K	50x	as long as short
Kraken Futures PF_DEEPUSD	+3.2188%	1h	0.01979	−0.062%	$7K	$7K	10x	as long as short