Funding arb · Price arb /

2Z

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Gate+0.076%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.076% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate 2Z_USDT	0.05236	0.0100	pay 0.0050% / 4h	1h 20m	$91K	$68K	50x
Short	Pacifica 2Z	0.05240	0.0100	get 0.0013% / 1h	20m 11s	$75K	$14K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → 0.000%: $7.64
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$15.36
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: no order-book sample; 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 Gate no order-book sample	—	—	—	—	—
Sell Pacifica no order-book sample	—	—	—	—	—

Gate and 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	−0.0393%	1h	0.05235	−0.019%	$46K	$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	0.05249	+0.248%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05239	+0.067%	$668K	$368K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05241	+0.088%	$12K	$57K	5x	as long as short
Pacifica 2Zshort	+0.0100%	1h	0.05240	+0.076%	$75K	$14K	3x
Binance 2ZUSDT	+0.0100%	4h	0.05239	+0.057%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05241	+0.095%	$690K	$954K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05241	+0.095%	$453K	$709K	20x	as long as short
Gate 2Z_USDTlong	+0.0100%	4h	0.05236	long leg	$91K	$68K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05240	+0.076%	$296K	$125K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05236	+0.002%	$193K	$52K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05237	+0.019%	$157K	$632K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05241	+0.095%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05241	+0.087%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05242	+0.115%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.2478%	1h	0.05241	+0.102%	$6K	$3K	10x	as long as short