Funding arb · Price arb /

DEEP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.4906%/8h= +537.3% APRpaid last 24h +0.403%

Price spread now: Variational Omni against Bluefin−0.092%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.092% cheaper against Bluefin than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 1 hour of funding at the current rate (+$147 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin DEEP-PERP	0.02045	−0.4806	get 0.0601% / 1h	5m 38s	$83K	$13K	20x
Short	Variational Omni DEEP	0.02043	0.0100	get 0.0100% / 8h	7h 05m	$13K	$9K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee BluefinbpFee Variational OmnibpOrdersPrice spread, now −0.092%Rate

Funding earned: $1,030.35
Price spread: −0.092% → 0.000%: −$9.18
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1,014.17
Costs to cover: 0.070%
Break-even: 0.1 days

Slippage unknown: Bluefin: no order-book sample; Variational Omni: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bluefin no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Bluefin and Variational Omni: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin DEEP-PERPlong	−0.4806%	1h	0.02045	long leg	$83K	$13K	20x
Binance DEEPUSDT	+0.0100%	4h	0.02054	+0.457%	$2.2M	$6.0M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.02044	−0.049%	$4.4M	$2.7M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.02051	+0.293%	$316K	$95K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.02054	+0.440%	$1.1M	$557K	100x	as long as short
KuCoin DEEPUSDTM	+0.0100%	4h	0.02060	+0.733%	$1.9M	$91K	20x	as long as short
Bitget DEEPUSDT	+0.0100%	4h	0.02052	+0.342%	$880K	$590K	50x	as long as short
BingX DEEP-USDT	+0.0100%	4h	0.02049	+0.196%	—	$6.6M	—	as long as short
Variational Omni DEEPshort	+0.0100%	8h	0.02043	−0.092%	$13K	$9K	—
Extended DEEP-USD	+0.0104%	1h	0.02053	+0.409%	$5K	$206K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin DEEP-USDT	+0.0128%	8h	0.02057	+0.587%	$145K	$34K	50x	as long as short
Kraken Futures PF_DEEPUSD	+1.2276%	1h	0.02075	+1.455%	$8K	$7K	10x	as long as short