Funding arb · Price arb /

DEEP

all DEEP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1343%/8h= +147.0% APRpaid last 24h −4.852%

Price spread now: KuCoin against Kraken Futures+0.242%52s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on KuCoin

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and KuCoin is 0.242% dearer against Kraken Futures than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Kraken Futures PF_DEEPUSD	0.01959	−0.1243	get 0.0155% / 1h	23m 18s	$8K	$10K	10x
Short	KuCoin DEEPUSDTM	0.01964	0.0100	get 0.0050% / 4h	1h 23m	$1.8M	$92K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now +0.242%Rate

Funding earned: $282.01
Price spread: +0.242% → 0.000%: $24.23
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $284.23
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 3 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	10.18 bp	355.2 bp −$355	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_DEEPUSDlong	−0.1243%	1h	0.01959	long leg	$8K	$10K	10x
Binance DEEPUSDT	+0.0100%	4h	0.01956	−0.187%	$2.1M	$6.1M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01952	−0.370%	$4.2M	$2.8M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.01955	−0.217%	$301K	$73K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.01954	−0.268%	$1.0M	$471K	100x	as long as short
KuCoin DEEPUSDTMshort	+0.0100%	4h	0.01964	+0.242%	$1.8M	$92K	20x
Bitget DEEPUSDT	+0.0100%	4h	0.01955	−0.217%	$824K	$564K	50x	as long as short
BingX DEEP-USDT	+0.0100%	4h	0.01954	−0.268%	—	$6.6M	—	as long as short
Variational Omni DEEP	+0.0100%	8h	0.01956	−0.184%	$14K	$10K	—	as long as short
Bluefin DEEP-PERP	+0.0100%	1h	0.01954	−0.268%	$80K	$11K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DEEP-USD	+0.0104%	1h	0.01955	−0.213%	$5K	$239K	5x	as long as short
BloFin DEEP-USDT	+0.0112%	8h	0.01950	−0.472%	$134K	$32K	50x	as long as short