Funding arb · Price arb /

DEEP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1041%/8h= +114.0% APRpaid last 24h +2.895%

Price spread now: Kraken Futures against KuCoin+0.110%52s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Kraken Futures

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 +$31 a day on $10k at the current rate, and Kraken Futures is 0.110% dearer against KuCoin than usual: you sell high and buy low: +$11 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	KuCoin DEEPUSDTM	0.01999	0.0100	pay 0.0050% / 4h	1h 46m	$1.8M	$92K	20x
Short	Kraken Futures PF_DEEPUSD	0.02001	0.1141	get 0.0143% / 1h	46m 31s	$8K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Position, each leg$Hold fordaysFee KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.110%Rate

Funding earned: $218.67
Price spread: +0.110% → 0.000%: $11.03
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $207.7
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: KuCoin: live order book, 5 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 5 min ago	17.44 bp	553.4 bp −$553	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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
Bluefin DEEP-PERP	−0.6522%	1h	0.01989	−0.500%	$81K	$15K	20x	as long as short
Binance DEEPUSDT	+0.0100%	4h	0.01997	−0.100%	$2.1M	$6.0M	50x	as long as short
Bybit DEEPUSDT	+0.0100%	8h	0.01989	−0.500%	$4.3M	$2.6M	50x	as long as short
Gate DEEP_USDT	+0.0100%	4h	0.01993	−0.300%	$306K	$97K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.01997	−0.100%	$1.0M	$531K	100x	as long as short
KuCoin DEEPUSDTMlong	+0.0100%	4h	0.01999	long leg	$1.8M	$92K	20x
Bitget DEEPUSDT	+0.0100%	4h	0.01998	−0.050%	$848K	$596K	50x	as long as short
Variational Omni DEEP	+0.0100%	8h	0.01978	−1.059%	$11K	$7K	—	as long as short
Extended DEEP-USD	+0.0104%	1h	0.01996	−0.167%	$5K	$221K	5x	as long as short
BloFin DEEP-USDT	+0.0129%	8h	0.01988	−0.550%	$136K	$34K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX DEEP-USDT	+0.0200%	4h	0.01996	−0.150%	—	$6.7M	—	as long as short
Kraken Futures PF_DEEPUSDshort	+0.1141%	1h	0.02001	+0.110%	$8K	$7K	10x