Funding arb · Price arb /

2Z

all 2Z markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0467%/8h= +51.1% APRpaid last 24h +0.103%

Price spread now: Kraken Futures against MEXC+0.040%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.040% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread 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	MEXC 2Z_USDT	0.05243	0.0100	pay 0.0050% / 4h	3h 29m	$329K	$132K	50x
Short	Kraken Futures PF_2ZUSD	0.05245	0.0567	get 0.0071% / 1h	29m 54s	$5K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.040%Rate

Funding earned: $98.08
Price spread: +0.040% → 0.000%: $3.95
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $88.03
Costs to cover: 0.140%
Break-even: 0.7 days

Slippage unknown: MEXC: live order book, 5 min ago; Kraken Futures: 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 MEXC live order book, 5 min ago	2.86 bp	11.2 bp −$11	66.2 bp −$662	247.8 bp −$24.8K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	−0.0652%	1h	0.05235	−0.153%	$45K	$22K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−5.016%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05247	+0.076%	$17K	$6K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05241	−0.042%	$676K	$353K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05241	−0.039%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05243	+0.002%	$76K	$15K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05236	−0.136%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05243	0.000%	$725K	$964K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05236	−0.134%	$449K	$713K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05235	−0.153%	$91K	$61K	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_USDTlong	+0.0100%	4h	0.05243	long leg	$329K	$132K	50x
KuCoin 2ZUSDTM	+0.0100%	4h	0.05234	−0.168%	$179K	$55K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05240	−0.057%	$162K	$625K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05239	−0.076%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05243	+0.002%	$33K	$23K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05243	0.000%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSDshort	+0.0567%	1h	0.05245	+0.040%	$5K	$3K	10x