Funding arb · Price arb /

DEEP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2425%/8h= +265.6% APRpaid last 24h +0.420%

Price spread now: Variational Omni against Bluefin−0.340%7-day average — · you buy dearer than you sell

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

Long on Bluefin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.340% cheaper against Bluefin than usual: you would sell low and buy high (spread −0.340% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 11 hours of funding at the current rate (+$73 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin DEEP-PERP	0.01987	−0.2325	get 0.0291% / 1h	19m 45s	$81K	$17K	20x
Short	Variational Omni DEEP	0.01980	0.0100	get 0.0100% / 8h	1h 19m	$13K	$9K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.340%Rate

Funding earned: $509.33
Price spread: −0.340% → 0.000%: −$33.96
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $468.37
Costs to cover: 0.070%
Break-even: 0.6 days

Slippage unknown: Bluefin: no order-book sample; Variational Omni: 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 Bluefin no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Bluefin and Variational Omni: 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	−0.2325%	1h	0.01987	long leg	$81K	$17K	20x
Binance DEEPUSDT	+0.0100%	4h	0.01986	−0.075%	$2.1M	$6.0M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01977	−0.503%	$4.2M	$2.6M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.01984	−0.151%	$304K	$98K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.01986	−0.050%	$1.1M	$546K	100x	as long as short
KuCoin DEEPUSDTM	+0.0100%	4h	0.01988	+0.050%	$1.8M	$93K	20x	as long as short
Bitget DEEPUSDT	+0.0100%	4h	0.01987	0.000%	$846K	$597K	50x	as long as short
Variational Omni DEEPshort	+0.0100%	8h	0.01980	−0.340%	$13K	$9K	—
Extended DEEP-USD	+0.0104%	1h	0.01987	−0.019%	$5K	$221K	5x	as long as short
BloFin DEEP-USDT	+0.0121%	8h	0.01981	−0.302%	$140K	$34K	50x	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	0.01984	−0.151%	—	$6.7M	—	as long as short
Kraken Futures PF_DEEPUSD	+0.1138%	1h	0.02006	+0.980%	$8K	$7K	10x	as long as short