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 −0.003%

Price spread now: MEXC against SunX+0.096%7-day average +0.018% · you sell dearer than you buy

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

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.676%−$68 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.096%, 7d avg +0.018%

Together, before fees−0.803%−$80 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: MEXC is 0.078% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 2Z-USDT	0.05231	0.0100	pay 0.0050% / 4h	26m 59s	$1K	$1.2M	20x
Short	MEXC 2Z_USDT	0.05236	0.0100	get 0.0050% / 4h	26m 59s	$293K	$126K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee SunXbpFee MEXCbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → +0.018%: $7.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$4.19
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; MEXC: live order book, 13 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 SunX live order book, 6 min ago	501.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 13 min ago	7.68 bp	13.1 bp −$13	71.9 bp −$719	258.0 bp −$25.8K	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	−0.0674%	1h	0.05228	−0.057%	$46K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.798%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05242	+0.210%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05238	+0.130%	$676K	$367K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05236	+0.093%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05232	+0.017%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05234	+0.057%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05235	+0.076%	$691K	$978K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05235	+0.076%	$450K	$723K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05229	−0.038%	$91K	$65K	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	0.05236	+0.096%	$293K	$126K	50x
KuCoin 2ZUSDTM	+0.0100%	4h	0.05230	−0.011%	$193K	$53K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05230	−0.019%	$156K	$634K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05236	+0.096%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05225	−0.113%	$33K	$29K	—	as long as short
SunX 2Z-USDTlong	+0.0100%	4h	0.05231	long leg	$1K	$1.2M	20x
Kraken Futures PF_2ZUSD	+0.0797%	1h	0.05239	+0.153%	$5K	$3K	10x	as long as short