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

DEEP

all DEEP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.004%
Price spread now: BloFin against Bitget−1.017%7-day average −0.278% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$206as in the Price arb table
costs, in and out, $10k−$1331.325% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 3 days (all we have)+0.601%+$60 · spread now −1.017%, 7d avg −0.278%
Together, before fees+0.576%+$58 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.739% cheaper against Bitget than usual: you would sell low and buy high (spread −1.017% now, against its 7-day average of −0.278%). If the spread goes back, that is −$74 on $10k: about 3 months of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget DEEPUSDT0.020650.0100pay 0.0050% / 4h3h 10m$885K$593K50x
ShortBloFin DEEP-USDT0.020440.0126get 0.0126% / 8h7h 10m$144K$34K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
$5.37
Price spread: −1.017% → −0.278%
−$73.91
Slippage, 4 orders
−$108.51
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$201.05
Costs to cover
1.325%
Break-even
269.0 days
Slippage from Bitget: live order book, 60 min ago; BloFin: live order book, 45 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 Bitget live order book, 60 min ago9.97 bp31.9 bp −$32168.3 bp −$1,683doesn't fitdoesn't fit
Sell BloFin live order book, 45 min ago7.43 bp35.2 bp −$35115.7 bp −$1,157doesn'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−0.4462%1h0.02037−1.356%$83K$13K20xas long as short
Binance DEEPUSDT+0.0100%4h0.02063−0.086%$2.2M$6.0M50xas long as short
Bybit DEEPUSDT+0.0100%8h0.02059−0.291%$4.4M$2.6M50xas long as short
Gate DEEP_USDT+0.0100%4h0.02062−0.145%$316K$93K50xas long as short
MEXC DEEP_USDT+0.0100%4h0.02064−0.048%$1.1M$556K100xas long as short
KuCoin DEEPUSDTM+0.0100%4h0.02063−0.097%$1.9M$91K20xas long as short
Bitget DEEPUSDTlong+0.0100%4h0.02065long leg$885K$593K50x
BingX DEEP-USDT+0.0100%4h0.02063−0.097%$6.6Mas long as short
Variational Omni DEEP+0.0100%8h0.02046−0.936%$13K$9Kas long as short
Extended DEEP-USD+0.0104%1h0.02062−0.135%$5K$206K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin DEEP-USDTshort+0.0126%8h0.02044−1.017%$144K$34K50x
Kraken Futures PF_DEEPUSD+1.2268%1h0.02076+0.538%$8K$7K10xas long as short