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

DEEP

all DEEP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.2921%/8h= +319.8% APRnext payment +$3.65 per $10,000 · paid last 24h +3.315%
Price spread now: Kraken Futures against Bluefin+1.352%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$88 a day on $10k at the current rate, and Kraken Futures is 1.352% dearer against Bluefin than usual: you sell high and buy low: +$135 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin DEEP-PERP0.01986−0.1786get 0.0223% / 1h3m 46s$81K$17K20x
ShortKraken Futures PF_DEEPUSD0.020130.1135get 0.0142% / 1h3m 46s$8K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bluefin. 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
$613.32
Price spread: +1.352% → 0.000%
$135.24
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$731.56
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Bluefin: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin no order-book sample
Sell Kraken Futures no order-book sample
Bluefin and Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPlong−0.1786%1h0.01986long leg$81K$17K20x
Binance DEEPUSDT+0.0100%4h0.01994+0.400%$2.1M$6.0M50xas long as short
Bybit DEEPUSDT+0.0100%8h0.01984−0.101%$4.2M$2.6M50xas long as short
Gate DEEP_USDT+0.0100%4h0.01988+0.101%$305K$98K50xas long as short
MEXC DEEP_USDT+0.0100%4h0.01993+0.352%$1.1M$547K100xas long as short
KuCoin DEEPUSDTM+0.0100%4h0.01994+0.403%$1.8M$93K20xas long as short
Bitget DEEPUSDT+0.0100%4h0.01995+0.453%$850K$597K50xas long as short
Variational Omni DEEP+0.0100%8h0.01981−0.265%$13K$9Kas long as short
Extended DEEP-USD+0.0104%1h0.01994+0.382%$5K$221K5xas long as short
BloFin DEEP-USDT+0.0125%8h0.01982−0.201%$138K$34K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX DEEP-USDT+0.0200%4h0.01991+0.252%$6.7Mas long as short
Kraken Futures PF_DEEPUSDshort+0.1135%1h0.02013+1.352%$8K$7K10x