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 0.000%

Price spread now: KuCoin against BingX−0.065%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1901.898% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.065%, 7d avg −0.022%

Together, before fees+0.215%+$22 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: KuCoin is 0.043% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 2Z-USDT	0.05227	0.0100	pay 0.0050% / 4h	1h 13m	—	$6.5M	—
Short	KuCoin 2ZUSDTM	0.05224	0.0100	get 0.0050% / 4h	1h 13m	$192K	$52K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.022%: −$4.33
Slippage, 4 orders: −$167.78
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$194.11
Costs to cover: 1.898%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; KuCoin: live order book, 6 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 BingX live order book, 2 min ago	7.63 bp	35.2 bp −$35	100.4 bp −$1,004	753.7 bp −$75.4K	1114.9 bp −$557.4K
Sell KuCoin live order book, 6 min ago	14.13 bp	71.4 bp −$71	604.1 bp −$6,041	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	−0.0383%	1h	0.05222	−0.096%	$45K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.725%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05236	+0.172%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05229	+0.031%	$675K	$373K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05227	+0.001%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05232	+0.088%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05225	−0.038%	$2.1M	$2.3M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05227	0.000%	$686K	$973K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05227	0.000%	$451K	$712K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05222	−0.096%	$91K	$69K	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	0.05226	−0.019%	$296K	$125K	50x	as long as short
KuCoin 2ZUSDTMshort	+0.0100%	4h	0.05224	−0.065%	$192K	$52K	50x
Bitget 2ZUSDT	+0.0100%	4h	0.05228	+0.019%	$159K	$631K	50x	as long as short
BingX 2Z-USDTlong	+0.0100%	4h	0.05227	long leg	—	$6.5M	—
Variational Omni 2Z	+0.0100%	4h	0.05240	+0.248%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05229	+0.038%	$777	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.2479%	1h	0.05240	+0.252%	$6K	$3K	10x	as long as short