Funding arb · Price arb /

DEEP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni+0.165%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.165% dearer against Variational Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DEEP	0.01997	0.0100	pay 0.0100% / 8h	6m 39s	$13K	$9K	—
Short	Bybit DEEPUSDT	0.02000	0.0100	get 0.0100% / 8h	6m 39s	$4.3M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.165%Rate

Funding earned: $0
Price spread: +0.165% → 0.000%: $16.47
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $5.47
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 1 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	5.00 bp	36.4 bp −$36	197.4 bp −$1,974	doesn't fit	doesn't fit

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-PERP	−0.2153%	1h	0.01991	−0.286%	$81K	$17K	20x	as long as short
Binance DEEPUSDT	+0.0100%	4h	0.02005	+0.437%	$2.1M	$6.1M	50x	as long as short
Bybit DEEPUSDTshort	+0.0100%	8h	0.02000	+0.165%	$4.3M	$2.7M	50x
Gate DEEP_USDT	+0.0100%	4h	0.02000	+0.165%	$307K	$99K	50x	as long as short
MEXC DEEP_USDT	+0.0100%	4h	0.02004	+0.365%	$1.1M	$558K	100x	as long as short
KuCoin DEEPUSDTM	+0.0100%	4h	0.02007	+0.515%	$1.8M	$94K	20x	as long as short
Bitget DEEPUSDT	+0.0100%	4h	0.02005	+0.415%	$866K	$607K	50x	as long as short
Variational Omni DEEPlong	+0.0100%	8h	0.01997	long leg	$13K	$9K	—
BloFin DEEP-USDT	+0.0103%	8h	0.01998	+0.065%	$138K	$35K	50x	as long as short
Extended DEEP-USD	+0.0104%	1h	0.02006	+0.482%	$5K	$221K	5x	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	0.02002	+0.265%	—	$6.6M	—	as long as short
Kraken Futures PF_DEEPUSD	+1.3440%	1h	0.02027	+1.504%	$8K	$7K	10x	as long as short