ArbiLayer

2Z arbitrage

live

Live DoubleZero price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.06%Bitget → Bybit · Perp–Perp
Best perp–perp spread+0.10%Bitget → Bybit
Markets tracked169 venues · 9 perp · 7 spot · 0 DEX
Price range0.28%$0.0396 – $0.0397

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bitget logoBitget$0.0396Bybit logoBybit$0.0397 +0.10%-0.06% +0.08%— -0.104%— LS Chart →
Bitget logoBitget$0.0396MEXC logoMEXC$0.0397 +0.10%-0.06% +0.08%— -0.103%— LS Chart →
Gate logoGate$0.0396Bybit logoBybit$0.0397 +0.10%-0.06% +0.08%— -0.104%— LS Chart →
Gate logoGate$0.0396MEXC logoMEXC$0.0397 +0.10%-0.06% +0.08%— -0.103%— LS Chart →
Bitget logoBitget$0.0396Binance logoBinance$0.0397 +0.05%-0.11% +0.05%— -0.025%— LS Chart →
Gate logoGate$0.0396Binance logoBinance$0.0397 +0.05%-0.11% +0.05%— -0.025%— LS Chart →
Bitget logoBitget$0.0396Hyperliquid logoHyperliquid$0.0396 +0.03%-0.13% +0.02%— -0.051%— LS Chart →
Gate logoGate$0.0396Hyperliquid logoHyperliquid$0.0396 +0.03%-0.13% +0.02%— -0.051%— LS Chart →
Bitget logoBitget$0.0396OKX logoOKX$0.0396 +0.03%-0.13% +0.02%— -0.014%— LS Chart →
Gate logoGate$0.0396OKX logoOKX$0.0396 +0.03%-0.13% +0.02%— -0.014%— LS Chart →
Binance logoBinance$0.0397Bybit logoBybit$0.0397 +0.03%-0.13% +0.01%— -0.079%— LS Chart →
Binance logoBinance$0.0397MEXC logoMEXC$0.0397 +0.03%-0.13% +0.01%— -0.077%— LS Chart →
OKX logoOKX$0.0397Bybit logoBybit$0.0397 +0.03%-0.13% +0.01%— -0.090%— LS Chart →
OKX logoOKX$0.0397MEXC logoMEXC$0.0397 +0.03%-0.13% +0.01%— -0.088%— LS Chart →
KuCoin logoKuCoin$0.0397Bybit logoBybit$0.0397 +0.02%-0.14% +0.00%— -0.104%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

2Z price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · 2ZUSDTPerpetual $0.0397$0.0397$0.03970.00% -0.074%$4.33M
OKX logoOKXPerpetual · 2Z-USDT-SWAPPerpetual $0.0396$0.0397$0.0397-0.06% +0.016%$4.28M
Bitget logoBitgetPerpetual · 2ZUSDTPerpetual $0.0396$0.0396$0.0396-0.13% +0.030%$1.55M
OKX logoOKXSpot · 2Z-USDTSpot $0.0397$0.0397$0.0397+0.06% —$1.54M
KuCoin logoKuCoinPerpetual · 2ZUSDTMPerpetual $0.0396$0.0397$0.0396-0.09% +0.030%$1.04M
Hyperliquid logoHyperliquidPerpetual · 2ZPerpetual $0.0396$0.0397$0.0397-0.01% -0.021%$833.0K
Bybit logoBybitSpot · 2ZUSDTSpot $0.0397$0.0397$0.0397+0.13% —$380.5K
MEXC logoMEXCPerpetual · 2Z_USDTPerpetual $0.0397$0.0397$0.03970.00% -0.073%$367.7K
Gate logoGateSpot · 2Z_USDTSpot $0.0397$0.0398$0.0397+0.15% —$204.6K
KuCoin logoKuCoinSpot · 2Z-USDTSpot $0.0397$0.0397$0.0397+0.06% —$98.7K
Gate logoGatePerpetual · 2Z_USDTPerpetual $0.0396$0.0396$0.0396-0.13% +0.030%$68.6K
Bitget logoBitgetSpot · 2ZUSDTSpot $0.0397$0.0397$0.0397+0.11% —$40.8K
Binance logoBinancePerpetual · 2ZUSDTPerpetual $0.0397$0.0397$0.0397-0.05% +0.005%—
Aster logoAsterPerpetual · 2ZUSDTPerpetual $0.0396$0.0397$0.0397-0.04% -0.060%—
Binance logoBinanceSpot · 2ZUSDTSpot $0.0397$0.0397$0.0397+0.09% ——
MEXC logoMEXCSpot · 2ZUSDTSpot $0.0397$0.0397$0.0397+0.09% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

2Z arbitrage explained

Right now DoubleZero (2Z) trades on 9 venues we scan: 9 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $0.0396 and the highest bid on Bybit spot at $0.0397.

The widest 2Z perpetual spread is between Bitget and Bybit: long 2Z on Bitget at $0.0396 and short on Bybit at $0.0397 for +0.10% gross, or -0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.104% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best 2Z route is to buy spot on OKX and short the perpetual on Bybit: -0.10% gross, -0.30% net, with -0.074% a day of funding on the short leg.

Spot–spot 2Z arbitrage (buy on OKX, withdraw, deposit and sell on Bybit) shows +0.03% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small 2Z gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: 2Z funding rates · 2Z spread charts · DoubleZero price · arbitrage scanner for all coins.

Is there a 2Z arbitrage opportunity right now?

The best 2Z route right now is to buy on Bitget → sell on Bybit (Perp–Perp): +0.10% gross and -0.06% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest 2Z?

Bitget (perp) has the lowest 2Z ask at $0.0396, and Bybit (spot) the highest bid at $0.0397. Prices update every 15 seconds on this page.

How many exchanges list 2Z?

ArbiLayer tracks 16 2Z markets on 9 venues: 9 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage 2Z without transferring coins?

Use two perpetual contracts: go long 2Z on the cheaper exchange (Bitget now) and short it on the more expensive one (Bybit), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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