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

DEEP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Binance−0.230%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1621.624% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.230%, 7d avg −0.034%
Together, before fees+0.164%+ Points / potential airdropExtended: Active · farm board+$16 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: Extended is 0.196% cheaper against Binance than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance DEEPUSDT0.019610.0100pay 0.0050% / 4h2h 57m$2.1M$6.1M50x
ShortExtended DEEP-USD0.019560.0104get 0.0013% / 1h57m 20s$7K$235K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.230% → −0.034%
−$19.64
Slippage, 4 orders
−$147.38
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$181.19
Costs to cover
1.624%
Break-even
1516.9 days
Slippage from Binance: live order book, 11 min ago; Extended: live order book, 54 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, 11 min ago7.69 bp27.5 bp −$27119.6 bp −$1,196doesn't fitdoesn't fit
Sell Extended live order book, 54 min ago6.08 bp47.9 bp −$48doesn't fitdoesn'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−0.5485%1h0.01939−1.122%$79K$11K20xas long as short
Binance DEEPUSDTlong+0.0100%4h0.01961long leg$2.1M$6.1M50x
Bybit DEEPUSDT+0.0100%8h0.01955−0.306%$4.2M$2.8M50xas long as short
Gate DEEP_USDT+0.0100%4h0.01957−0.204%$303K$87K50xas long as short
MEXC DEEP_USDT+0.0100%4h0.01960−0.051%$1.0M$465K100xas long as short
KuCoin DEEPUSDTM+0.0100%4h0.01955−0.306%$1.8M$94K20xas long as short
Bitget DEEPUSDT+0.0100%4h0.019610.000%$815K$581K50xas long as short
BingX DEEP-USDT+0.0100%4h0.01957−0.204%$6.6Mas long as short
Variational Omni DEEP+0.0100%8h0.01943−0.935%$12K$9Kas long as short
Extended DEEP-USDshort+0.0104%1h0.01956−0.230%$7K$235K5x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin DEEP-USDT+0.0112%8h0.01943−0.918%$135K$32K50xas long as short
Kraken Futures PF_DEEPUSD+3.3516%1h0.01946−0.775%$8K$10K10xas long as short