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

DEEP

all DEEP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against KuCoin−0.656%7-day average −0.423% · you buy dearer than you sell
Net, funding: paid 7d − costs−$716as in the Funding arb table
Net, price: spread back to 7d avg − costs−$735as in the Price arb table
costs, in and out, $10k−$7117.114% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$4 on $10k
Price spread, last 7 days+0.228%+$23 · spread now −0.656%, 7d avg −0.423%
Together, before fees+0.183%+$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.233% cheaper against KuCoin than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.423%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin DEEPUSDTM0.019810.0100pay 0.0050% / 4h2h 20m$1.8M$92K20x
ShortBybit DEEPUSDT0.019680.0100get 0.0100% / 8h6h 20m$4.2M$2.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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
$0
Price spread: −0.656% → −0.423%
−$23.3
Slippage, 4 orders
−$688.35
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$734.65
Costs to cover
7.114%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; Bybit: live order book, 2 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 KuCoin live order book, 1 min ago12.62 bp327.2 bp −$327doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago5.06 bp38.4 bp −$38178.9 bp −$1,789doesn't fitdoesn't fit

DEEP on 11 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%4h0.01972−0.478%$2.1M$6.2M50xas long as short
Bybit DEEPUSDTshort+0.0100%8h0.01968−0.656%$4.2M$2.8M50x
Gate DEEP_USDT+0.0100%4h0.01968−0.656%$304K$97K50xas long as short
MEXC DEEP_USDT+0.0100%4h0.01971−0.505%$1.1M$535K100xas long as short
KuCoin DEEPUSDTMlong+0.0100%4h0.01981long leg$1.8M$92K20x
Bitget DEEPUSDT+0.0100%4h0.01971−0.505%$819K$600K50xas long as short
BingX DEEP-USDT+0.0100%4h0.01971−0.505%$6.6Mas long as short
Variational Omni DEEP+0.0100%8h0.01971−0.523%$13K$9Kas long as short
Extended DEEP-USD+0.0104%1h0.01971−0.491%$3K$204K5xas long as short
Bluefin DEEP-PERP+0.0124%1h0.01973−0.404%$80K$13K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_DEEPUSD+2.4580%1h0.01966−0.770%$7K$7K10xas long as short