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

2Z

all 2Z markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Binance+0.064%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$980.981% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.020%−$2 on $10k
Price spread, last 7 days−0.036%−$4 · spread now +0.064%, 7d avg +0.059%
Together, before fees−0.056%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance 2ZUSDT0.052000.0100pay 0.0050% / 4h3h 42m$2.1M$2.4M50x
ShortBingX 2Z-USDT0.052030.0100get 0.0050% / 4h3h 42m$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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: +0.064% → +0.059%
$0.54
Slippage, 4 orders
−$78.07
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$97.53
Costs to cover
0.981%
Break-even
never at this rate
Slippage from Binance: live order book, 7 min ago; BingX: live order book, 4 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 Binance live order book, 7 min ago1.93 bp23.6 bp −$24138.3 bp −$1,383doesn't fitdoesn't fit
Sell BingX live order book, 4 min ago3.85 bp26.1 bp −$2686.1 bp −$861690.0 bp −$69.0K1229.7 bp −$614.9K

2Z on 17 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
Backpack 2Z_USDC_PERP−0.0646%1h0.05199−0.013%$45K$32K5xas long as short
Kraken Futures PF_2ZUSD−0.0053%1h0.05209+0.184%$6K$3K10xas long as short
Injective 2Z/USDC PERP+0.0033%1h0.04980−4.225%$867$2135.5xas long as short
Lighter 2Z+0.0096%1h0.05212+0.237%$17K$8K3xas long as short
Hyperliquid 2Z+0.0100%1h0.05208+0.154%$654K$410K3xas long as short
Aster 2ZUSDT+0.0100%4h0.05205+0.095%$12K$57K5xas long as short
Pacifica 2Z+0.0100%1h0.05203+0.054%$75K$14K3xas long as short
Binance 2ZUSDTlong+0.0100%4h0.05200long leg$2.1M$2.4M50x
Bybit 2ZUSDT+0.0100%4h0.05204+0.083%$688K$978K50xas long as short
OKX 2Z-USDT-SWAP+0.0100%4h0.05207+0.141%$454K$715K20xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate 2Z_USDT+0.0100%4h0.05203+0.064%$92K$70K50xas long as short
MEXC 2Z_USDT+0.0100%4h0.05205+0.102%$304K$119K50xas long as short
KuCoin 2ZUSDTM+0.0100%4h0.05194−0.105%$196K$51K50xas long as short
Bitget 2ZUSDT+0.0100%4h0.05198−0.032%$148K$573K50xas long as short
BingX 2Z-USDTshort+0.0100%4h0.05203+0.064%$6.5M
Variational Omni 2Z+0.0100%4h0.05194−0.115%$33K$29Kas long as short
SunX 2Z-USDT+0.0100%4h0.05196−0.071%$1K$1.3M20xas long as short