Funding arb · Price arb /

DEEP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.6757%/8h= +739.9% APRpaid last 24h +0.339%

Price spread now: MEXC against Bluefin+0.462%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+3.845%+$384 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 +$203 a day on $10k at the current rate, and MEXC is 0.462% dearer against Bluefin than usual: you sell high and buy low: +$46 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 3.845% in total (about 200.5% 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	0.01947	−0.6657	get 0.0832% / 1h	40m 55s	$79K	$11K	20x
Short	MEXC DEEP_USDT	0.01956	0.0100	get 0.0050% / 4h	3h 40m	$1.0M	$433K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.462%Rate

Funding earned: $1,419.01
Price spread: +0.462% → 0.000%: $46.22
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: $1,454.24
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bluefin: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	5.10 bp	18.8 bp −$19	99.3 bp −$993	253.0 bp −$25.3K	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	−0.6657%	1h	0.01947	long leg	$79K	$11K	20x
BloFin DEEP-USDT	+0.0095%	8h	0.01955	+0.411%	$133K	$30K	50x	as long as short
Binance DEEPUSDT	+0.0100%	4h	0.01957	+0.525%	$2.1M	$5.8M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01953	+0.308%	$4.2M	$2.7M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.01954	+0.360%	$301K	$68K	50x	as long as short
MEXC DEEP_USDTshort	+0.0100%	4h	0.01956	+0.462%	$1.0M	$433K	100x
Bitget DEEPUSDT	+0.0100%	4h	0.01956	+0.462%	$827K	$534K	50x	as long as short
BingX DEEP-USDT	+0.0100%	4h	0.01956	+0.462%	—	$6.6M	—	as long as short
Variational Omni DEEP	+0.0100%	8h	0.01957	+0.523%	$13K	$9K	—	as long as short
Extended DEEP-USD	+0.0104%	1h	0.01956	+0.480%	$3K	$250K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DEEPUSDTM	+0.0122%	4h	0.01961	+0.719%	$1.8M	$87K	20x	as long as short
Kraken Futures PF_DEEPUSD	+0.0588%	1h	0.01957	+0.519%	$8K	$10K	10x	as long as short