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

2Z

all 2Z markets
SwapBacktest
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: SunX against BingX+0.057%7-day average +0.041% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.086%+$9 on $10k
Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.057%, 7d avg +0.041%
Together, before fees+0.136%+$14 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 2Z-USDT0.052410.0100pay 0.0050% / 4h1h 59m$6.5M
ShortSunX 2Z-USDT0.052440.0100get 0.0050% / 4h1h 59m$2K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$0
Price spread: +0.057% → +0.041%
$1.64
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$16.36
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 6 min ago; SunX: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 6 min ago5.73 bp25.2 bp −$2598.6 bp −$986871.3 bp −$87.1K1168.3 bp −$584.2K
Sell SunX live order book, 3 min ago500.81 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

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−0.0902%1h0.05234−0.134%$45K$20K5xas long as short
Injective 2Z/USDC PERP+0.0033%1h0.04980−4.980%$867$2135.5xas long as short
Lighter 2Z+0.0096%1h0.05247+0.114%$17K$6K3xas long as short
Hyperliquid 2Z+0.0100%1h0.05240−0.013%$658K$350K3xas long as short
Aster 2ZUSDT+0.0100%4h0.05243+0.034%$12K$57K5xas long as short
Pacifica 2Z+0.0100%1h0.05243+0.040%$76K$15K3xas long as short
Binance 2ZUSDT+0.0100%4h0.05238−0.057%$2.1M$2.1M50xas long as short
Bybit 2ZUSDT+0.0100%4h0.05240−0.019%$713K$948K50xas long as short
OKX 2Z-USDT-SWAP+0.0100%4h0.05243+0.038%$444K$714K20xas long as short
Gate 2Z_USDT+0.0100%4h0.05236−0.095%$90K$65K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC 2Z_USDT+0.0100%4h0.05244+0.057%$341K$134K50xas long as short
KuCoin 2ZUSDTM+0.0100%4h0.05245+0.069%$180K$52K50xas long as short
Bitget 2ZUSDT+0.0100%4h0.05240−0.019%$154K$647K50xas long as short
BingX 2Z-USDTlong+0.0100%4h0.05241long leg$6.5M
Variational Omni 2Z+0.0100%4h0.05242+0.010%$33K$23Kas long as short
SunX 2Z-USDTshort+0.0100%4h0.05244+0.057%$2K$1.1M20x
Kraken Futures PF_2ZUSD+0.0511%1h0.05214−0.525%$5K$3K10xas long as short