2Z funding rates and arbitrage
Updated 2026-10-29 22:59 UTC
Best 2Z arbitrage after every cost
No 2Z pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
2Z funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Crypto.com | 2ZUSD-PERP | 0.0091% | 1 h | +80.1% | +32.0% | $4.9K | 2026-10-29 22:00 |
| Bitunix | 2ZUSDT | 0.0050% | 4 h | +10.9% | +6.0% | — | 2026-10-30 00:00 |
| WhiteBIT | 2Z_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $551.7K | 2026-10-30 00:00 |
| Pacifica | 2Z | 0.0013% | 1 h | +10.9% | +11.0% | $19.5K | 2026-10-30 00:00 |
| OKX | 2Z-USDT-SWAP | 0.0050% | 4 h | +10.9% | +6.1% | $699.4K | 2026-10-30 00:00 |
| Bitget | 2ZUSDT | 0.0050% | 4 h | +10.9% | +4.5% | $200.2K | 2026-10-30 00:00 |
| WOO X | PERP_2Z_USDT | 0.0050% | 4 h | +10.9% | +6.1% | $0 | 2026-10-30 00:00 |
| LBank | 2ZUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-30 00:00 |
| Aster | 2ZUSDT | 0.0050% | 4 h | +10.9% | +6.8% | $14K | 2026-10-30 00:00 |
| Variational | 2Z-PERP | 0.0050% | 4 h | +10.9% | — | $54.3K | 2026-10-30 00:00 |
| Binance | 2ZUSDT | 0.0050% | 4 h | +10.9% | +5.9% | $2.2M | 2026-10-30 00:00 |
| Gate | 2Z_USDT | 0.0050% | 4 h | +10.9% | +10.6% | $71.2K | 2026-10-30 00:00 |
| Hyperliquid | 2Z | 0.0013% | 1 h | +10.9% | +10.8% | $880.6K | 2026-10-30 00:00 |
| Lighter | 2Z | 0.0012% | 1 h | +10.5% | +10.5% | $12.8K | 2026-10-30 00:00 |
| KuCoin | 2ZUSDTM | 0.0044% | 4 h | +9.6% | +1.0% | $501.1K | 2026-10-30 00:00 |
| BingX | 2Z-USDT | -0.0002% | 4 h | −0.4% | +5.3% | $452.9K | 2026-10-30 00:00 |
| Bybit | 2ZUSDT | -0.0006% | 4 h | −1.3% | +1.2% | $1.4M | 2026-10-30 00:00 |
| MEXC | 2Z_USDT | -0.0010% | 4 h | −2.2% | +1.4% | $581.6K | 2026-10-30 00:00 |
| Backpack | 2Z_USDC_PERP | -0.0192% | 1 h | −167.9% | +26.6% | $40.6K | 2026-10-30 00:00 |
Borrow 2Z to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.66% | — |
| Bybit | 10.67% | — |
| OKX | 12.40% | — |
| Binance | 51.62% | — |
| Gate | 152.30% | $30K |
Cost to enter $10,000 of 2Z
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | 2Z_USDT | 5.9 bp | top of book only |
| Binance | 2ZUSDT | 6.9 bp | top of book only |
| Variational | 2Z-PERP | 7.7 bp | top of book only |
| OKX | 2Z-USDT-SWAP | 8.9 bp | top of book only |
| Bitget | 2ZUSDT | 9.9 bp | top of book only |
| BingX | 2Z-USDT | 10.8 bp | top of book only |
| Bybit | 2ZUSDT | 11.3 bp | top of book only |
| Gate | 2Z_USDT | 11.4 bp | top of book only |
| Binance | 2ZUSDT (spot) | 13.9 bp | top of book only |
| KuCoin | 2ZUSDTM | 15.5 bp | top of book only |
| Aster | 2ZUSDT | 15.6 bp | top of book only |
| Hyperliquid | 2Z | 16.3 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on 2Z
Questions
Is 2Z funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no 2Z pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest 2Z funding rate?
Crypto.com at +80.1% a year (0.0091% every 1 h); the lowest is Backpack at −167.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.