2Z Funding Rate — live across 10 venues
Perpetual funding · compared across 10 venues · net of estimated fees · updated every few minutesLive annualized 2Z perpetual funding across all 10 venues Perpia tracks. Right now 2Z funding is positive on 8 and negative on 2, ranging from +10.9% on Gate.io to -35.2% on Bybit — a spread of 46.1%. The widest delta-neutral trade is long MEXC / short Gate.io at 43.8% net APR.
2Z funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
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Build a route
any two of the 10 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 10 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Gate.io↗short | +10.9% | every 4h | |
| Binance↗ | +10.9% | every 4h | |
| BingX↗ | +10.9% | every 4h | |
| OKX↗ | +10.9% | every 4h | |
| KuCoin↗ | +10.9% | every 4h | |
| Bitget↗ | +10.9% | every 4h | |
| Hyperliquid↗ | +9.1% | every 1h | |
| Aster↗ | +3.1% | every 4h | |
| below — these venues pay the longs: this is the leg you buy | |||
| MEXC↗long | −35.0% | every 4h | |
| Bybit↗ | −35.2% | every 4h | |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the MEXC vs Gate.io page. 22 pairs scanned for 2Z.
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2Z — FAQ
Is 2Z funding positive right now?
2Z perpetual funding is positive on 8 of 10 venues Perpia tracks and negative on 2. The highest is +10.9% on Gate.io; the lowest is -35.2% on Bybit.
What is the best 2Z funding arbitrage right now?
Go long MEXC and short Gate.io for about 43.8% net APR after fees — the widest delta-neutral 2Z spread Perpia currently sees.
Which exchange has the highest 2Z funding rate?
Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How 2Z funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to 2Z
also quoted on both Gate.io and MEXCThe same two exchanges you would already have funded for the 2Z trade. Every spread between them is on the Gate.io vs MEXC page.