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 −0.003%

Price spread now: MEXC against KuCoin+0.057%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1561.563% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.676%−$68 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.057%, 7d avg +0.081%

Together, before fees−0.649%−$65 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: MEXC is 0.024% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 2ZUSDTM	0.05229	0.0100	pay 0.0050% / 4h	22m 37s	$193K	$53K	50x
Short	MEXC 2Z_USDT	0.05232	0.0100	get 0.0050% / 4h	22m 37s	$325K	$130K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.081%: −$2.36
Slippage, 4 orders: −$140.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$158.7
Costs to cover: 1.563%
Break-even: never at this rate

Slippage from KuCoin: live order book, 58 min ago; MEXC: live order book, 17 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 KuCoin live order book, 58 min ago	14.13 bp	56.8 bp −$57	609.7 bp −$6,097	doesn't fit	doesn't fit
Sell MEXC live order book, 17 min ago	7.68 bp	13.1 bp −$13	71.9 bp −$719	258.0 bp −$25.8K	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	−0.0683%	1h	0.05225	−0.076%	$45K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.762%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05236	+0.134%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05234	+0.088%	$676K	$366K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05230	+0.018%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05232	+0.055%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05230	+0.019%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05233	+0.076%	$691K	$980K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05233	+0.076%	$451K	$725K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05229	0.000%	$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_USDTshort	+0.0100%	4h	0.05232	+0.057%	$325K	$130K	50x
KuCoin 2ZUSDTMlong	+0.0100%	4h	0.05229	long leg	$193K	$53K	50x
Bitget 2ZUSDT	+0.0100%	4h	0.05229	0.000%	$156K	$640K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05231	+0.038%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05234	+0.087%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05234	+0.096%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0798%	1h	0.05235	+0.121%	$5K	$3K	10x	as long as short