Funding arb · Price arb /

2Z

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against KuCoin+0.169%7-day average +0.058% · you sell dearer than you buy

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

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.169%, 7d avg +0.058%

Together, before fees−0.090%−$9 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: SunX is 0.111% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 2ZUSDTM	0.05213	0.0100	pay 0.0050% / 4h	2h 18m	$170K	$62K	50x
Short	SunX 2Z-USDT	0.05222	0.0100	get 0.0050% / 4h	2h 18m	$2K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → +0.058%: $11.11
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$8.89
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 23 min ago; SunX: live order book, 7 min ago. 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 KuCoin live order book, 23 min ago	9.20 bp	67.5 bp −$68	692.2 bp −$6,922	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	500.86 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

2Z on 17 exchanges

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
Kraken Futures PF_2ZUSD	−0.3812%	1h	0.05211	−0.042%	$5K	$3K	10x	as long as short
Backpack 2Z_USDC_PERP	−0.0076%	1h	0.05219	+0.111%	$46K	$20K	5x	as long as short
Bybit 2ZUSDT	+0.0012%	4h	0.05219	+0.111%	$719K	$1.0M	50x	as long as short
MEXC 2Z_USDT	+0.0028%	4h	0.05221	+0.150%	$327K	$142K	50x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.473%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05227	+0.265%	$17K	$3K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05217	+0.081%	$655K	$339K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05222	+0.165%	$12K	$55K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05220	+0.130%	$75K	$15K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05216	+0.054%	$2.1M	$2.1M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05218	+0.092%	$434K	$727K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05226	+0.246%	$90K	$82K	50x	as long as short
KuCoin 2ZUSDTMlong	+0.0100%	4h	0.05213	long leg	$170K	$62K	50x
Bitget 2ZUSDT	+0.0100%	4h	0.05221	+0.150%	$170K	$713K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05218	+0.092%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05218	+0.091%	$33K	$23K	—	as long as short
SunX 2Z-USDTshort	+0.0100%	4h	0.05222	+0.169%	$2K	$1.1M	20x