Funding arb · Price arb /

2Z

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: MEXC against Pacifica−0.008%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.666%−$67 on $10k

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

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica 2Z	0.05185	0.0100	pay 0.0013% / 1h	6m 40s	$75K	$14K	3x
Short	MEXC 2Z_USDT	0.05185	0.0100	get 0.0050% / 4h	2h 06m	$293K	$125K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. 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 PacificabpFee MEXCbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.77
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$12.77
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; MEXC: live order book, 43 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 Pacifica no order-book sample	—	—	—	—	—
Sell MEXC live order book, 43 min ago	7.71 bp	21.0 bp −$21	87.8 bp −$878	271.7 bp −$27.2K	doesn't fit

Pacifica: 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	−0.0561%	1h	0.05181	−0.085%	$45K	$32K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−3.961%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05191	+0.108%	$16K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05185	−0.012%	$662K	$371K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05184	−0.037%	$12K	$57K	5x	as long as short
Pacifica 2Zlong	+0.0100%	1h	0.05185	long leg	$75K	$14K	3x
Binance 2ZUSDT	+0.0100%	4h	0.05182	−0.058%	$2.1M	$2.3M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05186	+0.012%	$682K	$959K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05186	+0.012%	$445K	$705K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05180	−0.104%	$90K	$70K	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_USDTshort	+0.0100%	4h	0.05185	−0.008%	$293K	$125K	50x
KuCoin 2ZUSDTM	+0.0100%	4h	0.05187	+0.025%	$191K	$52K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05184	−0.027%	$145K	$615K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05185	−0.008%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05185	−0.006%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05189	+0.069%	$1K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.1050%	1h	0.05200	+0.285%	$6K	$3K	10x	as long as short