2Z

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: Binance against Bybit−0.115%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.548%+$55 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.115%, 7d avg −0.116%

Together, before fees+0.560%+$56 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 2ZUSDT	0.05236	0.0100	pay 0.0050% / 4h	29m 37s	$691K	$977K	50x
Short	Binance 2ZUSDT	0.05230	0.0100	get 0.0050% / 4h	29m 37s	$2.1M	$2.2M	50x

Funding history

latest

Range statsloading…

Binance against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now −0.115%Rate

Slippage from Bybit: live order book, 11 min ago; Binance: live order book, 5 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 11 min ago	4.80 bp	26.2 bp −$26	1636.5 bp −$16.4K	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.89 bp	26.4 bp −$26	134.2 bp −$1,342	doesn't fit	doesn't fit

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	−0.0695%	1h	0.05225	−0.210%	$45K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.889%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05239	+0.057%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05236	+0.002%	$676K	$366K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05234	−0.035%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05232	−0.071%	$75K	$14K	3x	as long as short
Binance 2ZUSDTshort	+0.0100%	4h	0.05230	−0.115%	$2.1M	$2.2M	50x
Bybit 2ZUSDTlong	+0.0100%	4h	0.05236	long leg	$691K	$977K	50x
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05233	−0.057%	$449K	$722K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05230	−0.115%	$91K	$65K	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	0.05236	0.000%	$293K	$126K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05231	−0.101%	$193K	$53K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05232	−0.076%	$162K	$626K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05231	−0.095%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05225	−0.208%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05228	−0.153%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0799%	1h	0.05231	−0.094%	$5K	$3K	10x	as long as short