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 0.000%

Price spread now: Bitget against OKX−0.019%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.019%, 7d avg +0.011%

Together, before fees+0.322%+$32 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: Bitget is 0.030% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX 2Z-USDT-SWAP	0.05238	0.0100	pay 0.0050% / 4h	1h 21m	$453K	$709K	20x
Short	Bitget 2ZUSDT	0.05237	0.0100	get 0.0050% / 4h	1h 21m	$157K	$632K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.011%: −$3.02
Slippage, 4 orders: −$79.96
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$104.98
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from OKX: live order book, 39 min ago; Bitget: live order book, 38 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 OKX live order book, 39 min ago	3.85 bp	29.7 bp −$30	1613.2 bp −$16.1K	doesn't fit	doesn't fit
Sell Bitget live order book, 38 min ago	9.65 bp	22.6 bp −$23	149.1 bp −$1,491	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
Backpack 2Z_USDC_PERP	−0.0408%	1h	0.05235	−0.057%	$46K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.926%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05248	+0.191%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05240	+0.040%	$668K	$368K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05240	+0.045%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05241	+0.065%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05238	0.000%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05241	+0.057%	$690K	$954K	50x	as long as short
OKX 2Z-USDT-SWAPlong	+0.0100%	4h	0.05238	long leg	$453K	$709K	20x
Gate 2Z_USDT	+0.0100%	4h	0.05237	−0.019%	$91K	$68K	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_USDT	+0.0100%	4h	0.05241	+0.057%	$297K	$125K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05235	−0.061%	$193K	$51K	50x	as long as short
Bitget 2ZUSDTshort	+0.0100%	4h	0.05237	−0.019%	$157K	$632K	50x
BingX 2Z-USDT	+0.0100%	4h	0.05241	+0.057%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05224	−0.259%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05244	+0.115%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.2477%	1h	0.05244	+0.120%	$6K	$3K	10x	as long as short