Funding arb · Price arb /

2Z

all 2Z markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.134%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1031.029% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.134%, 7d avg +0.053%

Together, before fees−0.021%−$2 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: Bitget is 0.081% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 2ZUSDT	0.05208	0.0100	pay 0.0050% / 4h	2h 43m	$2.1M	$2.0M	50x
Short	Bitget 2ZUSDT	0.05215	0.0100	get 0.0050% / 4h	2h 43m	$156K	$623K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → +0.053%: $8.11
Slippage, 4 orders: −$80.9
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.79
Costs to cover: 1.029%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 2 min ago.

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 Binance live order book, 6 min ago	1.91 bp	23.7 bp −$24	163.8 bp −$1,638	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	9.59 bp	25.5 bp −$26	151.2 bp −$1,512	doesn't fit	doesn't fit

2Z on 17 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
Backpack 2Z_USDC_PERP	−0.0721%	1h	0.05210	+0.038%	$45K	$20K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.378%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05213	+0.096%	$17K	$6K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05207	−0.025%	$656K	$351K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05212	+0.073%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05213	+0.088%	$75K	$15K	3x	as long as short
Binance 2ZUSDTlong	+0.0100%	4h	0.05208	long leg	$2.1M	$2.0M	50x
Bybit 2ZUSDT	+0.0100%	4h	0.05214	+0.115%	$726K	$918K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05210	+0.038%	$445K	$690K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05223	+0.288%	$91K	$60K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05213	+0.096%	$328K	$122K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05206	−0.033%	$178K	$50K	50x	as long as short
Bitget 2ZUSDTshort	+0.0100%	4h	0.05215	+0.134%	$156K	$623K	50x
BingX 2Z-USDT	+0.0100%	4h	0.05211	+0.058%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05225	+0.318%	$33K	$23K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05217	+0.173%	$2K	$1.1M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0512%	1h	0.05209	+0.025%	$5K	$3K	10x	as long as short