Funding arb · Price arb /

2Z

all 2Z markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against SunX−0.363%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.363% cheaper against SunX than usual: you would sell low and buy high, −$36 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 2Z-USDT	0.05206	0.0100	pay 0.0050% / 4h	2h 40m	$1K	$1.1M	20x
Short	Pacifica 2Z	0.05187	0.0100	get 0.0013% / 1h	40m 38s	$75K	$15K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.363%Rate

Funding earned: $0
Price spread: −0.363% → 0.000%: −$36.3
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$52.3
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 min ago; Pacifica: no order-book sample. 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, 2 min ago	498.56 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

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	−0.0778%	1h	0.05189	−0.327%	$45K	$20K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.341%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05197	−0.173%	$16K	$6K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05188	−0.348%	$653K	$351K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05178	−0.539%	$12K	$57K	5x	as long as short
Pacifica 2Zshort	+0.0100%	1h	0.05187	−0.363%	$75K	$15K	3x
Binance 2ZUSDT	+0.0100%	4h	0.05173	−0.634%	$2.1M	$2.0M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05177	−0.557%	$721K	$940K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05174	−0.615%	$442K	$687K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05189	−0.327%	$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	0.05191	−0.288%	$327K	$122K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05196	−0.186%	$177K	$50K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05168	−0.730%	$154K	$633K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05166	−0.768%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05200	−0.121%	$33K	$23K	—	as long as short
SunX 2Z-USDTlong	+0.0100%	4h	0.05206	long leg	$1K	$1.1M	20x
Kraken Futures PF_2ZUSD	+0.0514%	1h	0.05192	−0.277%	$5K	$3K	10x	as long as short