Funding arb · Price arb /

DEEP

all DEEP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.6824%/8h= +747.3% APRpaid last 24h +0.410%

Price spread now: Bitget against Bluefin+0.825%7-day average — · you sell dearer than you buy

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

Long on Bluefin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+3.864%+$386 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$205 a day on $10k at the current rate, and Bitget is 0.825% dearer against Bluefin than usual: you sell high and buy low: +$83 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 3.864% in total (about 201.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin DEEP-PERP	0.01939	−0.6724	get 0.0841% / 1h	53m 42s	$79K	$11K	20x
Short	Bitget DEEPUSDT	0.01955	0.0100	get 0.0050% / 4h	2h 53m	$813K	$575K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bluefin. 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 BluefinbpFee BitgetbpOrdersPrice spread, now +0.825%Rate

Funding earned: $1,433.1
Price spread: +0.825% → 0.000%: $82.52
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $1,496.62
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bluefin: no order-book sample; Bitget: live order book, 57 min ago. 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 Bluefin no order-book sample	—	—	—	—	—
Sell Bitget live order book, 57 min ago	10.14 bp	32.2 bp −$32	192.1 bp −$1,921	doesn't fit	doesn't fit

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
Bluefin DEEP-PERPlong	−0.6724%	1h	0.01939	long leg	$79K	$11K	20x
BloFin DEEP-USDT	+0.0098%	8h	0.01956	+0.877%	$136K	$32K	50x	as long as short
Binance DEEPUSDT	+0.0100%	4h	0.01957	+0.911%	$2.1M	$6.1M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01951	+0.619%	$4.2M	$2.8M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.01954	+0.774%	$302K	$87K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.01956	+0.877%	$1.0M	$466K	100x	as long as short
KuCoin DEEPUSDTM	+0.0100%	4h	0.01956	+0.877%	$1.8M	$94K	20x	as long as short
Bitget DEEPUSDTshort	+0.0100%	4h	0.01955	+0.825%	$813K	$575K	50x
BingX DEEP-USDT	+0.0100%	4h	0.01954	+0.774%	—	$6.6M	—	as long as short
Variational Omni DEEP	+0.0100%	8h	0.01954	+0.756%	$13K	$9K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DEEP-USD	+0.0104%	1h	0.01954	+0.798%	$7K	$235K	5x	as long as short
Kraken Futures PF_DEEPUSD	+3.3398%	1h	0.01953	+0.703%	$8K	$10K	10x	as long as short