Settings8H · net · $10k
Funding arb · Price arb /

2Z

all 2Z markets
SwapBacktest
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: Binance against SunX−0.112%46s7-day average −0.109% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.111%−$11 on $10k
Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.112%, 7d avg −0.109%
Together, before fees−0.121%−$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX 2Z-USDT0.052130.0100pay 0.0050% / 4h2h 42m$2K$1.1M20x
ShortBinance 2ZUSDT0.052070.0100get 0.0050% / 4h2h 42m$2.1M$2.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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

Funding earned
$0
Price spread: −0.112% → −0.109%
−$0.25
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$18.25
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 10 min ago; Binance: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 10 min ago501.10 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 7 min ago1.91 bp28.3 bp −$28134.3 bp −$1,343doesn't fitdoesn't fit

2Z on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack 2Z_USDC_PERP−0.0750%1h0.05204−0.173%$45K$20K5xas long as short
Injective 2Z/USDC PERP+0.0033%1h0.04980−4.470%$867$2135.5xas long as short
Lighter 2Z+0.0096%1h0.05218+0.096%$17K$6K3xas long as short
Hyperliquid 2Z+0.0100%1h0.05214+0.010%$657K$351K3xas long as short
Aster 2ZUSDT+0.0100%4h0.05210−0.050%$12K$57K5xas long as short
Pacifica 2Z+0.0100%1h0.05211−0.040%$75K$15K3xas long as short
Binance 2ZUSDTshort+0.0100%4h0.05207−0.112%$2.1M$2.0M50x
Bybit 2ZUSDT+0.0100%4h0.05212−0.019%$725K$917K50xas long as short
OKX 2Z-USDT-SWAP+0.0100%4h0.05204−0.173%$444K$688K20xas long as short
Gate 2Z_USDT+0.0100%4h0.05205−0.153%$91K$60K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC 2Z_USDT+0.0100%4h0.05214+0.019%$328K$122K50xas long as short
KuCoin 2ZUSDTM+0.0100%4h0.05206−0.140%$178K$50K50xas long as short
Bitget 2ZUSDT+0.0100%4h0.052130.000%$155K$623K50xas long as short
BingX 2Z-USDT+0.0100%4h0.05209−0.077%$6.5Mas long as short
Variational Omni 2Z+0.0100%4h0.05225+0.222%$33K$23Kas long as short
SunX 2Z-USDTlong+0.0100%4h0.05213long leg$2K$1.1M20x
Kraken Futures PF_2ZUSD+0.0512%1h0.05204−0.173%$5K$3K10xas long as short