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

DEEP

all DEEP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.4% APRpaid last 24h +0.004%
Price spread now: Bitget against BloFin+0.051%7-day average +0.279% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1381.380% 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 4 days (all we have)+0.356%+$36 · spread now +0.051%, 7d avg +0.279%
Together, before fees+0.382%+$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bitget is 0.227% cheaper against BloFin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.279%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin DEEP-USDT0.019450.0112pay 0.0112% / 8h40m 48s$134K$30K50x
ShortBitget DEEPUSDT0.019460.0100get 0.0050% / 4h40m 48s$824K$556K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
−$2.6
Price spread: +0.051% → +0.279%
−$22.74
Slippage, 4 orders
−$113.96
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$163.29
Costs to cover
1.380%
Break-even
never at this rate
Slippage from BloFin: live order book, 26 min ago; Bitget: live order book, 60 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 BloFin live order book, 26 min ago7.68 bp27.2 bp −$27103.2 bp −$1,032doesn't fitdoesn't fit
Sell Bitget live order book, 60 min ago5.14 bp33.8 bp −$34203.0 bp −$2,030doesn'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
Binance DEEPUSDT+0.0100%4h0.01949+0.196%$2.1M$6.0M50xas long as short
Bybit DEEPUSDT+0.0100%8h0.01942−0.154%$4.2M$2.7M50xas long as short
Gate DEEP_USDT+0.0100%4h0.01946+0.051%$300K$71K50xas long as short
MEXC DEEP_USDT+0.0100%4h0.01947+0.103%$1.0M$453K100xas long as short
KuCoin DEEPUSDTM+0.0100%4h0.01955+0.514%$1.8M$90K20xas long as short
Bitget DEEPUSDTshort+0.0100%4h0.01946+0.051%$824K$556K50x
BingX DEEP-USDT+0.0100%4h0.01946+0.051%$6.6Mas long as short
Variational Omni DEEP+0.0100%8h0.01944−0.045%$13K$10Kas long as short
Bluefin DEEP-PERP+0.0100%1h0.01947+0.103%$79K$11K20xas long as short
Extended DEEP-USD+0.0104%1h0.01948+0.178%$3K$249K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin DEEP-USDTlong+0.0112%8h0.01945long leg$134K$30K50x
Kraken Futures PF_DEEPUSD+0.0632%1h0.01950+0.244%$8K$10K10xas long as short