Funding arb · Price arb /

2Z

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Pacifica against Bybit−0.017%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.665%+$66 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 2ZUSDT	0.05228	0.0100	pay 0.0050% / 4h	30m 41s	$689K	$977K	50x
Short	Pacifica 2Z	0.05227	0.0100	get 0.0013% / 1h	30m 41s	$75K	$14K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → 0.000%: −$1.72
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$20.72
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 10 min ago; Pacifica: no order-book sample. Net counts fees only.

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 Bybit live order book, 10 min ago	4.80 bp	26.2 bp −$26	1636.5 bp −$16.4K	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0706%	1h	0.05221	−0.134%	$45K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.744%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05236	+0.153%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05230	+0.040%	$675K	$366K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05229	+0.013%	$12K	$57K	5x	as long as short
Pacifica 2Zshort	+0.0100%	1h	0.05227	−0.017%	$75K	$14K	3x
Binance 2ZUSDT	+0.0100%	4h	0.05224	−0.077%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDTlong	+0.0100%	4h	0.05228	long leg	$689K	$977K	50x
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05230	+0.038%	$450K	$722K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05223	−0.096%	$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	0.05230	+0.038%	$292K	$126K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05228	+0.002%	$193K	$53K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05224	−0.077%	$162K	$626K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05228	0.000%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05225	−0.056%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05227	−0.019%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0799%	1h	0.05231	+0.050%	$5K	$3K	10x	as long as short