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: Bybit against MEXC−0.456%7-day average −0.290% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1311.312% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.059%−$6 on $10k
Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.456%, 7d avg −0.290%
Together, before fees+0.182%+$18 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: Bybit is 0.165% cheaper against MEXC than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.290%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC DEEP_USDT0.019750.0100pay 0.0050% / 4h2h 12m$1.0M$554K100x
ShortBybit DEEPUSDT0.019660.0100get 0.0100% / 8h2h 12m$4.2M$2.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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: −0.456% → −0.290%
−$16.54
Slippage, 4 orders
−$116.21
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$147.74
Costs to cover
1.312%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 5 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 MEXC live order book, 3 min ago7.60 bp20.2 bp −$2061.1 bp −$611257.3 bp −$25.7Kdoesn't fit
Sell Bybit live order book, 5 min ago5.06 bp43.1 bp −$43221.0 bp −$2,210doesn'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
BloFin DEEP-USDT+0.0085%8h0.01968−0.354%$137K$34K50xas long as short
Binance DEEPUSDT+0.0100%4h0.01975−0.023%$2.1M$6.0M50xas long as short
Bybit DEEPUSDTshort+0.0100%8h0.01966−0.456%$4.2M$2.6M50x
Gate DEEP_USDT+0.0100%4h0.01973−0.101%$304K$97K50xas long as short
MEXC DEEP_USDTlong+0.0100%4h0.01975long leg$1.0M$554K100x
KuCoin DEEPUSDTM+0.0100%4h0.01976+0.051%$1.8M$92K20xas long as short
Bitget DEEPUSDT+0.0100%4h0.01974−0.051%$838K$596K50xas long as short
Variational Omni DEEP+0.0100%8h0.01970−0.258%$11K$6Kas long as short
Bluefin DEEP-PERP+0.0100%1h0.01974−0.051%$80K$15K20xas long as short
Extended DEEP-USD+0.0104%1h0.01974−0.026%$5K$221K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX DEEP-USDT+0.0200%4h0.01973−0.101%$6.7Mas long as short
Kraken Futures PF_DEEPUSD+1.2330%1h0.01972−0.131%$8K$7K10xas long as short