Funding arb · Price arb /

2Z

all 2Z markets

Swap Backtest

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 −0.003%

Price spread now: MEXC against Binance+0.075%7-day average +0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$720.719% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.550%−$55 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.075%, 7d avg +0.129%

Together, before fees−0.502%−$50 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: MEXC is 0.054% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.129%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 2ZUSDT	0.05205	0.0100	pay 0.0050% / 4h	3h 39m	$2.1M	$2.4M	50x
Short	MEXC 2Z_USDT	0.05209	0.0100	get 0.0050% / 4h	3h 39m	$304K	$119K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → +0.129%: −$5.37
Slippage, 4 orders: −$57.88
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$77.25
Costs to cover: 0.719%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; MEXC: live order book, 15 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, 10 min ago	1.93 bp	23.6 bp −$24	138.3 bp −$1,383	doesn't fit	doesn't fit
Sell MEXC live order book, 15 min ago	5.77 bp	12.7 bp −$13	72.6 bp −$726	222.7 bp −$22.3K	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	−0.0582%	1h	0.05207	+0.037%	$45K	$32K	5x	as long as short
Kraken Futures PF_2ZUSD	−0.0053%	1h	0.05211	+0.122%	$6K	$3K	10x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.324%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05217	+0.229%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05207	+0.037%	$654K	$391K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05210	+0.089%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05210	+0.094%	$75K	$14K	3x	as long as short
Binance 2ZUSDTlong	+0.0100%	4h	0.05205	long leg	$2.1M	$2.4M	50x
Bybit 2ZUSDT	+0.0100%	4h	0.05209	+0.075%	$689K	$978K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05206	+0.017%	$454K	$715K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate 2Z_USDT	+0.0100%	4h	0.05207	+0.037%	$92K	$70K	50x	as long as short
MEXC 2Z_USDTshort	+0.0100%	4h	0.05209	+0.075%	$304K	$119K	50x
KuCoin 2ZUSDTM	+0.0100%	4h	0.05212	+0.129%	$197K	$51K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05204	−0.021%	$148K	$571K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05210	+0.094%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05205	+0.002%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05209	+0.075%	$2K	$1.3M	20x	as long as short