ArbiLayer

2Z arbitrage

live

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

Best net spread+0.14%Gate → Variational · Perp–Perp
Best perp–perp spread+0.30%Gate → Variational
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.40%$0.0395 – $0.0397

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinancespot$0.0396Bybit logoBybitspot$0.0396 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Binance logoBinancespot$0.0396OKX logoOKXspot$0.0396 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Gate logoGatespot$0.0396Bybit logoBybitspot$0.0396 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Gate logoGatespot$0.0396OKX logoOKXspot$0.0396 0.00%-0.20% 0.00%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0396Bybit logoBybitspot$0.0396 0.00%-0.20% 0.00%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0396OKX logoOKXspot$0.0396 0.00%-0.20% 0.00%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0396Bybit logoBybitspot$0.0396 0.00%-0.20% 0.00%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0396OKX logoOKXspot$0.0396 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Binance logoBinancespot$0.0396Bitget logoBitgetspot$0.0396 -0.00%-0.20% -0.00%— 0.000%— LS Chart →
Gate logoGatespot$0.0396Bitget logoBitgetspot$0.0396 -0.00%-0.20% -0.00%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0396Bitget logoBitgetspot$0.0396 -0.00%-0.20% -0.00%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0396Bitget logoBitgetspot$0.0396 -0.00%-0.20% -0.00%— 0.000%— LS Chart →
Binance logoBinancespot$0.0396Gate logoGatespot$0.0396 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0396Gate logoGatespot$0.0396 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0396Gate logoGatespot$0.0396 -0.03%-0.23% -0.03%— 0.000%— 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
OKX logoOKXPerpetual · 2Z-USDT-SWAPPerpetual $0.0396$0.0396$0.0396-0.10% +0.002%$4.25M
Bybit logoBybitPerpetual · 2ZUSDTPerpetual $0.0396$0.0396$0.0396-0.01% -0.002%$4.07M
Bitget logoBitgetPerpetual · 2ZUSDTPerpetual $0.0395$0.0396$0.0396-0.11% -0.004%$1.55M
OKX logoOKXSpot · 2Z-USDTSpot $0.0396$0.0396$0.0396+0.09% —$1.51M
KuCoin logoKuCoinPerpetual · 2ZUSDTMPerpetual $0.0395$0.0396$0.0395-0.16% +0.030%$1.02M
Hyperliquid logoHyperliquidPerpetual · 2ZPerpetual $0.0396$0.0396$0.0396-0.04% +0.030%$843.0K
Bybit logoBybitSpot · 2ZUSDTSpot $0.0396$0.0397$0.0396+0.10% —$366.1K
MEXC logoMEXCPerpetual · 2Z_USDTPerpetual $0.0396$0.0396$0.03960.00% -0.002%$363.4K
Gate logoGateSpot · 2Z_USDTSpot $0.0396$0.0396$0.0396+0.05% —$199.8K
KuCoin logoKuCoinSpot · 2Z-USDTSpot $0.0396$0.0396$0.03960.00% —$100.9K
Gate logoGatePerpetual · 2Z_USDTPerpetual $0.0395$0.0395$0.0395-0.20% +0.030%$62.3K
Bitget logoBitgetSpot · 2ZUSDTSpot $0.0396$0.0397$0.0396+0.11% —$40.5K
Variational logoVariationalPerpetual · 2ZPerpetual $0.0396$0.0397$0.0397+0.20% +0.030%$19.4K
Binance logoBinancePerpetual · 2ZUSDTPerpetual $0.0396$0.0396$0.0396-0.08% +0.007%—
Aster logoAsterPerpetual · 2ZUSDTPerpetual $0.0395$0.0396$0.0396-0.10% -0.074%—
Binance logoBinanceSpot · 2ZUSDTSpot $0.0396$0.0396$0.0396+0.04% ——
MEXC logoMEXCSpot · 2ZUSDTSpot $0.0396$0.0396$0.0396+0.04% ——
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 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.0395 and the highest bid on Variational perp at $0.0396.

The widest 2Z perpetual spread is between Gate and Variational: long 2Z on Gate at $0.0395 and short on Variational at $0.0396 for +0.30% gross, or +0.14% 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 -0.000% 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 Binance and short the perpetual on Variational: +0.05% gross, -0.15% net, with +0.030% a day of funding on the short leg.

Spot–spot 2Z arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) shows 0.00% 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 Gate → sell on Variational (Perp–Perp): +0.30% gross and +0.14% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest 2Z?

Gate (perp) has the lowest 2Z ask at $0.0395, and Variational (perp) the highest bid at $0.0396. Prices update every 15 seconds on this page.

How many exchanges list 2Z?

ArbiLayer tracks 17 2Z markets on 10 venues: 10 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 (Gate now) and short it on the more expensive one (Variational), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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