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 0.000%

Price spread now: SunX against OKX−0.038%7-day average +0.066% · you buy dearer than you sell

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

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 4 days (all we have)+0.125%+$12 · spread now −0.038%, 7d avg +0.066%

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: SunX is 0.104% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX 2Z-USDT-SWAP	0.05213	0.0100	pay 0.0050% / 4h	2h 36m	$443K	$696K	20x
Short	SunX 2Z-USDT	0.05211	0.0100	get 0.0050% / 4h	2h 36m	$1K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.066%: −$10.43
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$28.43
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 9 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 OKX live order book, 9 min ago	3.83 bp	30.2 bp −$30	1299.1 bp −$13.0K	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	498.56 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
Backpack 2Z_USDC_PERP	−0.0850%	1h	0.05203	−0.192%	$45K	$20K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.470%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05218	+0.096%	$17K	$6K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05211	−0.035%	$657K	$350K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05216	+0.048%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05212	−0.023%	$75K	$15K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05211	−0.029%	$2.1M	$2.0M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05215	+0.038%	$709K	$943K	50x	as long as short
OKX 2Z-USDT-SWAPlong	+0.0100%	4h	0.05213	long leg	$443K	$696K	20x
Gate 2Z_USDT	+0.0100%	4h	0.05212	−0.019%	$90K	$60K	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	0.05215	+0.038%	$324K	$126K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05208	−0.102%	$179K	$51K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05212	−0.019%	$152K	$639K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05215	+0.038%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05200	−0.255%	$33K	$23K	—	as long as short
SunX 2Z-USDTshort	+0.0100%	4h	0.05211	−0.038%	$1K	$1.1M	20x
Kraken Futures PF_2ZUSD	+0.0514%	1h	0.05185	−0.530%	$5K	$3K	10x	as long as short