Funding arb · Price arb /

2Z

all 2Z markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: SunX against MEXC−0.152%7-day average −0.017% · you buy dearer than you sell

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.614%+$61 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.152%, 7d avg −0.017%

Together, before fees+0.778%+$78 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 0.135% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 2Z_USDT	0.05264	0.0100	pay 0.0050% / 4h	1h 06m	$347K	$140K	50x
Short	SunX 2Z-USDT	0.05256	0.0100	get 0.0050% / 4h	1h 06m	$2K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.152%Rate

Funding earned: $0
Price spread: −0.152% → −0.017%: −$13.53
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$25.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 19 min ago; SunX: live order book, 6 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 MEXC live order book, 19 min ago	3.80 bp	14.5 bp −$14	64.2 bp −$642	237.5 bp −$23.8K	doesn't fit
Sell SunX live order book, 6 min ago	502.38 bp	doesn't fit	doesn't fit	doesn't fit	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
Kraken Futures PF_2ZUSD	−0.3835%	1h	0.05246	−0.344%	$5K	$3K	10x	as long as short
Backpack 2Z_USDC_PERP	−0.0593%	1h	0.05259	−0.095%	$46K	$20K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−5.395%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05268	+0.076%	$17K	$6K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05260	−0.066%	$663K	$351K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05263	−0.012%	$12K	$55K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05262	−0.047%	$76K	$15K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05259	−0.102%	$2.1M	$2.1M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05266	+0.038%	$728K	$958K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05264	0.000%	$443K	$733K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate 2Z_USDT	+0.0100%	4h	0.05260	−0.076%	$93K	$70K	50x	as long as short
MEXC 2Z_USDTlong	+0.0100%	4h	0.05264	long leg	$347K	$140K	50x
KuCoin 2ZUSDTM	+0.0100%	4h	0.05258	−0.106%	$181K	$53K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05262	−0.038%	$174K	$679K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05262	−0.038%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05260	−0.075%	$33K	$23K	—	as long as short
SunX 2Z-USDTshort	+0.0100%	4h	0.05256	−0.152%	$2K	$1.1M	20x