Funding arb · Price arb /

DEEP

all DEEP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.003%

Price spread now: KuCoin against BloFin+0.351%110s7-day average +0.419% · you sell dearer than you buy

Net, funding: paid 7d − costs−$546as 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−$5525.524% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 3 days (all we have)+0.183%+$18 · spread now +0.351%, 7d avg +0.419%

Together, before fees+0.248%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.068% cheaper against BloFin than usual: you would sell low and buy high (spread +0.351% now, against its 7-day average of +0.419%). If the spread goes back, that is −$7 on $10k: about 16 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.065% in total) that is about 7.4 days. The two prices were read 110 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	0.01997	0.0085	pay 0.0085% / 8h	45m 17s	$138K	$35K	50x
Short	KuCoin DEEPUSDTM	0.02004	0.0100	get 0.0050% / 4h	45m 17s	$1.8M	$93K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now +0.351%Rate

Funding earned: $3.05
Price spread: +0.351% → +0.419%: −$6.82
Slippage, 4 orders: −$528.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$556.14
Costs to cover: 5.524%
Break-even: 1284.2 days

Slippage from BloFin: live order book, 16 min ago; KuCoin: live order book, 1 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 BloFin live order book, 16 min ago	5.04 bp	31.7 bp −$32	121.5 bp −$1,215	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	14.96 bp	287.1 bp −$287	doesn't fit	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	−0.3028%	1h	0.02001	+0.200%	$82K	$17K	20x	as long as short
BloFin DEEP-USDTlong	+0.0085%	8h	0.01997	long leg	$138K	$35K	50x
Binance DEEPUSDT	+0.0100%	4h	0.02003	+0.300%	$2.1M	$6.1M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01996	−0.050%	$4.2M	$2.7M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.02000	+0.150%	$307K	$99K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.02003	+0.300%	$1.1M	$548K	100x	as long as short
KuCoin DEEPUSDTMshort	+0.0100%	4h	0.02004	+0.351%	$1.8M	$93K	20x
Bitget DEEPUSDT	+0.0100%	4h	0.02003	+0.300%	$868K	$603K	50x	as long as short
Variational Omni DEEP	+0.0100%	8h	0.01999	+0.088%	$13K	$9K	—	as long as short
Extended DEEP-USD	+0.0104%	1h	0.02004	+0.331%	$5K	$221K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DEEP-USDT	+0.0200%	4h	0.02001	+0.200%	—	$6.7M	—	as long as short
Kraken Futures PF_DEEPUSD	+1.3459%	1h	0.02024	+1.347%	$8K	$7K	10x	as long as short