Funding arb · Price arb /

DEEP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1263%/8h= −138.3% APRpaid last 24h −0.393%

Price spread now: Bluefin against BloFin+0.257%54s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days−3.871%−$387 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Bluefin is 0.257% dearer against BloFin than usual: you sell high and buy low (spread +0.257% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 16 hours. The two prices were read 54 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	BloFin DEEP-USDT	0.01949	0.0088	pay 0.0088% / 8h	1h 48m	$136K	$32K	50x
Short	Bluefin DEEP-PERP	0.01954	−0.1175	pay 0.0147% / 1h	48m 14s	$80K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against BloFin. 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 BloFinbpFee BluefinbpOrdersPrice spread, now +0.257%Rate

Funding earned: −$265.2
Price spread: +0.257% → 0.000%: $25.65
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$258.55
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: BloFin: live order book, 24 min ago; Bluefin: 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 BloFin live order book, 24 min ago	7.66 bp	20.2 bp −$20	104.1 bp −$1,041	doesn't fit	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: 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
Kraken Futures PF_DEEPUSD	−0.1245%	1h	0.01956	+0.365%	$8K	$10K	10x	as long as short
Bluefin DEEP-PERPshort	−0.1175%	1h	0.01954	+0.257%	$80K	$11K	20x
BloFin DEEP-USDTlong	+0.0088%	8h	0.01949	long leg	$136K	$32K	50x
Binance DEEPUSDT	+0.0100%	4h	0.01955	+0.308%	$2.1M	$6.2M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01948	−0.051%	$4.2M	$2.8M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.01953	+0.205%	$301K	$73K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.01954	+0.257%	$1.0M	$470K	100x	as long as short
KuCoin DEEPUSDTM	+0.0100%	4h	0.01958	+0.462%	$1.8M	$93K	20x	as long as short
Bitget DEEPUSDT	+0.0100%	4h	0.01952	+0.154%	$819K	$564K	50x	as long as short
BingX DEEP-USDT	+0.0100%	4h	0.01952	+0.154%	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni DEEP	+0.0100%	8h	0.01951	+0.112%	$14K	$10K	—	as long as short
Extended DEEP-USD	+0.0104%	1h	0.01954	+0.279%	$3K	$237K	5x	as long as short