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: Binance against Bitget+0.033%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$960.958% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.033%, 7d avg −0.052%

Together, before fees−0.195%−$19 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: Binance is 0.085% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 2ZUSDT	0.05237	0.0100	pay 0.0050% / 4h	1h 22m	$157K	$632K	50x
Short	Binance 2ZUSDT	0.05239	0.0100	get 0.0050% / 4h	1h 22m	$2.1M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.052%: $8.54
Slippage, 4 orders: −$73.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.22
Costs to cover: 0.958%
Break-even: never at this rate

Slippage from Bitget: live order book, 38 min ago; Binance: live order book, 13 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 Bitget live order book, 38 min ago	9.65 bp	25.5 bp −$26	119.0 bp −$1,190	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.89 bp	22.5 bp −$23	123.9 bp −$1,239	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	−0.0408%	1h	0.05235	−0.038%	$46K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.907%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05248	+0.210%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05240	+0.059%	$668K	$368K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05242	+0.092%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05241	+0.084%	$75K	$14K	3x	as long as short
Binance 2ZUSDTshort	+0.0100%	4h	0.05239	+0.033%	$2.1M	$2.2M	50x
Bybit 2ZUSDT	+0.0100%	4h	0.05239	+0.038%	$689K	$954K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05238	+0.019%	$453K	$709K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05238	+0.019%	$91K	$68K	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	0.05245	+0.153%	$297K	$125K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05237	+0.010%	$193K	$51K	50x	as long as short
Bitget 2ZUSDTlong	+0.0100%	4h	0.05237	long leg	$157K	$632K	50x
BingX 2Z-USDT	+0.0100%	4h	0.05244	+0.134%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05224	−0.240%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05244	+0.134%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.2477%	1h	0.05244	+0.139%	$6K	$3K	10x	as long as short