Funding arb · Price arb /

DEEP

all DEEP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.003%

Price spread now: Gate against BloFin+0.407%93s7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$788as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$7937.927% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 3 days (all we have)−0.131%−$13 · spread now +0.407%, 7d avg +0.118%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.289% dearer against BloFin than usual: you sell high and buy low (spread +0.407% now, against its 7-day average of +0.118%): +$29 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 33 days. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DEEP-USDT	0.01966	0.0129	pay 0.0129% / 8h	2h 25m	$137K	$34K	50x
Short	Gate DEEP_USDT	0.01974	0.0100	get 0.0050% / 4h	2h 25m	$305K	$97K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BloFinbpFee GatebpOrdersPrice spread, now +0.407%Rate

Funding earned: −$6.18
Price spread: +0.407% → +0.118%: $28.91
Slippage, 4 orders: −$765.71
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$769.98
Costs to cover: 7.927%
Break-even: never at this rate

Slippage from BloFin: live order book, 55 min ago; Gate: live order book, 59 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 BloFin live order book, 55 min ago	2.54 bp	33.4 bp −$33	125.7 bp −$1,257	doesn't fit	doesn't fit
Sell Gate live order book, 59 min ago	10.11 bp	433.4 bp −$433	doesn't fit	doesn't fit	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
Binance DEEPUSDT	+0.0100%	4h	0.01978	+0.610%	$2.1M	$6.0M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01970	+0.203%	$4.2M	$2.6M	50x	as long as short
Gate DEEP_USDTshort	+0.0100%	4h	0.01974	+0.407%	$305K	$97K	50x
MEXC DEEP_USDT	+0.0100%	4h	0.01979	+0.661%	$1.0M	$546K	100x	as long as short
KuCoin DEEPUSDTM	+0.0100%	4h	0.01981	+0.763%	$1.8M	$92K	20x	as long as short
Bitget DEEPUSDT	+0.0100%	4h	0.01976	+0.509%	$838K	$596K	50x	as long as short
Variational Omni DEEP	+0.0100%	8h	0.01963	−0.132%	$11K	$6K	—	as long as short
Extended DEEP-USD	+0.0104%	1h	0.01978	+0.598%	$5K	$221K	5x	as long as short
BloFin DEEP-USDTlong	+0.0129%	8h	0.01966	long leg	$137K	$34K	50x
BingX DEEP-USDT	+0.0200%	4h	0.01976	+0.509%	—	$6.7M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin DEEP-PERP	+0.0292%	1h	0.01974	+0.407%	$80K	$15K	20x	as long as short
Kraken Futures PF_DEEPUSD	+1.2304%	1h	0.01977	+0.543%	$8K	$7K	10x	as long as short