Settings8H · net · $10k
Funding arb · Price arb /

DEEP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Binance−0.358%7-day average −0.291% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1231.234% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.032%−$3 on $10k
Price spread, last 7 days+0.040%+$4 · spread now −0.358%, 7d avg −0.291%
Together, before fees+0.008%+$1 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: Bybit is 0.067% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.291%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance DEEPUSDT0.020560.0100pay 0.0050% / 4h3h 13m$2.2M$6.0M50x
ShortBybit DEEPUSDT0.020490.0100get 0.0100% / 8h7h 13m$4.4M$2.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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

Funding earned
$0
Price spread: −0.358% → −0.291%
−$6.74
Slippage, 4 orders
−$102.42
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$130.16
Costs to cover
1.234%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago7.34 bp26.2 bp −$26113.4 bp −$1,134doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago7.40 bp33.1 bp −$33202.1 bp −$2,021doesn't fitdoesn't fit

DEEP on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin DEEP-PERP−0.4216%1h0.02038−0.893%$83K$13K20xas long as short
Binance DEEPUSDTlong+0.0100%4h0.02056long leg$2.2M$6.0M50x
Bybit DEEPUSDTshort+0.0100%8h0.02049−0.358%$4.4M$2.6M50x
Gate DEEP_USDT+0.0100%4h0.02054−0.115%$315K$93K50xas long as short
MEXC DEEP_USDT+0.0100%4h0.02058+0.080%$1.1M$556K100xas long as short
KuCoin DEEPUSDTM+0.0100%4h0.02064+0.371%$1.9M$91K20xas long as short
Bitget DEEPUSDT+0.0100%4h0.02056−0.018%$882K$593K50xas long as short
BingX DEEP-USDT+0.0100%4h0.02054−0.115%$6.6Mas long as short
Variational Omni DEEP+0.0100%8h0.02041−0.738%$13K$9Kas long as short
Extended DEEP-USD+0.0104%1h0.02055−0.043%$4K$201K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin DEEP-USDT+0.0123%8h0.02047−0.455%$145K$34K50xas long as short
Kraken Futures PF_DEEPUSD+1.2228%1h0.02083+1.293%$8K$7K10xas long as short