Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0744%/8h= −81.5% APRpaid last 24h −0.229%

Price spread now: BingX against ApeX Omni+0.273%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$375as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$1011.014% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−2.735%−$273 on $10k

Price spread, last 4 days (all we have)−0.287%−$29 · spread now +0.273%, 7d avg +0.028%

Together, before fees−3.022%−$302 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.245% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.273% now, against its 7-day average of +0.028%): +$25 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 0GUSDT	0.2308	0.0100	pay 0.0013% / 1h	22m 41s	$18K	$620K	50x
Short	BingX 0G-USDT	0.2314	−0.0644	pay 0.0322% / 4h	2h 22m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee BingXbpOrdersPrice spread, now +0.273%Rate

Funding earned: −$156.24
Price spread: +0.273% → +0.028%: $24.54
Slippage, 4 orders: −$81.42
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$233.12
Costs to cover: 1.014%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 25 min ago; BingX: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 25 min ago	10.69 bp	31.2 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	6.45 bp	23.7 bp −$24	50.1 bp −$501	272.2 bp −$27.2K	doesn't fit

0G on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX 0G-USDTshort	−0.0644%	4h	0.2314	+0.273%	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2310	+0.119%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0047%	4h	0.2318	+0.446%	$326K	$10K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2315	+0.304%	$16K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2315	+0.310%	$6.8M	$8.3M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2312	+0.186%	$2.3M	$2.2M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2316	+0.360%	$856K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2313	+0.230%	$584K	$180K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2313	+0.230%	$2.1M	$247K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2314	+0.273%	$1.9M	$802K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2313	+0.230%	$32K	$58K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2310	+0.083%	$14K	$6K	—	as long as short
ApeX Omni 0GUSDTlong	+0.0100%	1h	0.2308	long leg	$18K	$620K	50x
KuCoin 0GUSDTM	+0.0118%	4h	0.2314	+0.277%	$2.3M	$2.3M	50x	as long as short
Hyperliquid 0G	+0.0740%	1h	0.2319	+0.477%	$2.5M	$450K	3x	as long as short
Lighter 0G	+0.1024%	1h	0.2319	+0.490%	$48K	$87K	3x	as long as short