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

2Z

all 2Z markets
SwapBacktest
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 0.000%
Price spread now: Binance against Variational Omni−0.163%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: 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: Binance is 0.163% cheaper against Variational Omni than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni 2Z0.052410.0100pay 0.0050% / 4h1h 17m$33K$29K
ShortBinance 2ZUSDT0.052320.0100get 0.0050% / 4h1h 17m$2.1M$2.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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: −0.163% → 0.000%
−$16.28
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$26.28
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Binance: live order book, 2 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 Variational Omni no order-book sample
Sell Binance live order book, 2 min ago1.91 bp26.6 bp −$27126.4 bp −$1,264doesn't fitdoesn't fit
Variational Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack 2Z_USDC_PERP−0.0390%1h0.05223−0.335%$45K$29K5xas long as short
Injective 2Z/USDC PERP+0.0033%1h0.04980−4.971%$867$2135.5xas long as short
Lighter 2Z+0.0096%1h0.05238−0.048%$17K$8K3xas long as short
Hyperliquid 2Z+0.0100%1h0.05232−0.170%$667K$368K3xas long as short
Aster 2ZUSDT+0.0100%4h0.05231−0.180%$12K$57K5xas long as short
Pacifica 2Z+0.0100%1h0.05232−0.170%$75K$14K3xas long as short
Binance 2ZUSDTshort+0.0100%4h0.05232−0.163%$2.1M$2.3M50x
Bybit 2ZUSDT+0.0100%4h0.05236−0.086%$685K$959K50xas long as short
OKX 2Z-USDT-SWAP+0.0100%4h0.05234−0.125%$452K$710K20xas long as short
Gate 2Z_USDT+0.0100%4h0.05229−0.220%$91K$68K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC 2Z_USDT+0.0100%4h0.05230−0.201%$296K$125K50xas long as short
KuCoin 2ZUSDTM+0.0100%4h0.05230−0.201%$193K$52K50xas long as short
Bitget 2ZUSDT+0.0100%4h0.05235−0.106%$157K$632K50xas long as short
BingX 2Z-USDT+0.0100%4h0.05233−0.144%$6.5Mas long as short
Variational Omni 2Zlong+0.0100%4h0.05241long leg$33K$29K
SunX 2Z-USDT+0.0100%4h0.05233−0.144%$2K$1.2M20xas long as short
Kraken Futures PF_2ZUSD+0.2481%1h0.05236−0.086%$6K$3K10xas long as short