Funding arb · Price arb /

DEEP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.102%7-day average +0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs−$849as in the Funding arb table

Net, price: spread back to 7d avg − costs−$854as in the Price arb table

costs, in and out, $10k−$8498.493% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.102%, 7d avg +0.153%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.051% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DEEP_USDT	0.01954	0.0100	pay 0.0050% / 4h	2h 53m	$302K	$87K	50x
Short	MEXC DEEP_USDT	0.01956	0.0100	get 0.0050% / 4h	2h 53m	$1.0M	$466K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → +0.153%: −$5.08
Slippage, 4 orders: −$830.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$854.4
Costs to cover: 8.493%
Break-even: never at this rate

Slippage from Gate: live order book, 56 min ago; MEXC: live order book, 2 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 Gate live order book, 56 min ago	7.62 bp	246.5 bp −$247	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.55 bp	22.0 bp −$22	84.6 bp −$846	248.0 bp −$24.8K	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	−0.6724%	1h	0.01939	−0.768%	$79K	$11K	20x	as long as short
BloFin DEEP-USDT	+0.0098%	8h	0.01956	+0.102%	$136K	$32K	50x	as long as short
Binance DEEPUSDT	+0.0100%	4h	0.01957	+0.136%	$2.1M	$6.1M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01951	−0.154%	$4.2M	$2.8M	50x	as long as short
Gate DEEP_USDTlong	+0.0100%	4h	0.01954	long leg	$302K	$87K	50x
MEXC DEEP_USDTshort	+0.0100%	4h	0.01956	+0.102%	$1.0M	$466K	100x
KuCoin DEEPUSDTM	+0.0100%	4h	0.01956	+0.102%	$1.8M	$94K	20x	as long as short
Bitget DEEPUSDT	+0.0100%	4h	0.01955	+0.051%	$813K	$575K	50x	as long as short
BingX DEEP-USDT	+0.0100%	4h	0.01954	0.000%	—	$6.6M	—	as long as short
Variational Omni DEEP	+0.0100%	8h	0.01954	−0.017%	$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	+0.025%	$7K	$235K	5x	as long as short
Kraken Futures PF_DEEPUSD	+3.3398%	1h	0.01953	−0.070%	$8K	$10K	10x	as long as short