Funding arb · Price arb /

DEEP

all DEEP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.4% APRpaid last 24h −0.014%

Price spread now: BloFin against BingX+0.154%96s7-day average −0.193% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as 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−$1081.084% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.460%−$46 · spread now +0.154%, 7d avg −0.193%

Together, before fees−0.526%−$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.348% dearer against BingX than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.193%. Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour. The two prices were read 96 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	BingX DEEP-USDT	0.01942	0.0100	pay 0.0050% / 4h	39m 21s	—	$6.6M	—
Short	BloFin DEEP-USDT	0.01945	0.0112	get 0.0112% / 8h	39m 21s	$134K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.154%Rate

Funding earned: $2.6
Price spread: +0.154% → −0.193%: $34.76
Slippage, 4 orders: −$86.38
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$71.02
Costs to cover: 1.084%
Break-even: 198.6 days

Slippage from BingX: live order book, 12 min ago; BloFin: live order book, 28 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 BingX live order book, 12 min ago	7.69 bp	28.7 bp −$29	84.0 bp −$840	664.8 bp −$66.5K	doesn't fit
Sell BloFin live order book, 28 min ago	7.68 bp	24.4 bp −$24	92.6 bp −$926	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
Binance DEEPUSDT	+0.0100%	4h	0.01942	0.000%	$2.1M	$6.0M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01938	−0.206%	$4.2M	$2.7M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.01943	+0.051%	$299K	$71K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.01942	0.000%	$1.0M	$459K	100x	as long as short
KuCoin DEEPUSDTM	+0.0100%	4h	0.01949	+0.360%	$1.8M	$90K	20x	as long as short
Bitget DEEPUSDT	+0.0100%	4h	0.01941	−0.051%	$822K	$557K	50x	as long as short
BingX DEEP-USDTlong	+0.0100%	4h	0.01942	long leg	—	$6.6M	—
Variational Omni DEEP	+0.0100%	8h	0.01944	+0.109%	$13K	$10K	—	as long as short
Bluefin DEEP-PERP	+0.0100%	1h	0.01945	+0.154%	$79K	$11K	20x	as long as short
Extended DEEP-USD	+0.0104%	1h	0.01942	+0.025%	$3K	$249K	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-USDTshort	+0.0112%	8h	0.01945	+0.154%	$134K	$30K	50x
Kraken Futures PF_DEEPUSD	+0.0633%	1h	0.01944	+0.127%	$8K	$10K	10x	as long as short