Funding arb · Price arb /

DEEP

all DEEP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h −0.003%

Price spread now: BloFin against Binance−0.396%81s7-day average −0.281% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1211.208% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 3 days (all we have)−0.116%−$12 · spread now −0.396%, 7d avg −0.281%

Together, before fees−0.168%−$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.115% cheaper against Binance than usual: you would sell low and buy high (spread −0.396% now, against its 7-day average of −0.281%). If the spread goes back, that is −$11 on $10k: about 13 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DEEPUSDT	0.01988	0.0100	pay 0.0050% / 4h	1h 25m	$2.1M	$6.0M	50x
Short	BloFin DEEP-USDT	0.01980	0.0130	get 0.0130% / 8h	1h 25m	$139K	$34K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.396%Rate

Funding earned: $6.24
Price spread: −0.396% → −0.281%: −$11.49
Slippage, 4 orders: −$98.76
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$126
Costs to cover: 1.208%
Break-even: 148.3 days

Slippage from Binance: live order book, 13 min ago; BloFin: live order book, 47 min ago.

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 Binance live order book, 13 min ago	5.01 bp	29.4 bp −$29	114.8 bp −$1,148	doesn't fit	doesn't fit
Sell BloFin live order book, 47 min ago	7.63 bp	23.4 bp −$23	88.7 bp −$887	doesn't fit	doesn't fit

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	−0.2016%	1h	0.01967	−1.050%	$80K	$17K	20x	as long as short
Binance DEEPUSDTlong	+0.0100%	4h	0.01988	long leg	$2.1M	$6.0M	50x
Bybit DEEPUSDT	+0.0100%	8h	0.01977	−0.547%	$4.2M	$2.6M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.01983	−0.245%	$304K	$98K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.01987	−0.044%	$1.0M	$533K	100x	as long as short
KuCoin DEEPUSDTM	+0.0100%	4h	0.01986	−0.094%	$1.8M	$93K	20x	as long as short
Bitget DEEPUSDT	+0.0100%	4h	0.01987	−0.044%	$846K	$597K	50x	as long as short
Variational Omni DEEP	+0.0100%	8h	0.01982	−0.308%	$12K	$8K	—	as long as short
Extended DEEP-USD	+0.0104%	1h	0.01988	−0.015%	$5K	$221K	5x	as long as short
BloFin DEEP-USDTshort	+0.0130%	8h	0.01980	−0.396%	$139K	$34K	50x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DEEP-USDT	+0.0200%	4h	0.01985	−0.145%	—	$6.7M	—	as long as short
Kraken Futures PF_DEEPUSD	+0.1149%	1h	0.01988	+0.027%	$8K	$7K	10x	as long as short