Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.004%

Price spread now: BloFin against ApeX Omni+0.128%103s7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$930.927% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.128%, 7d avg −0.007%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.135% dearer against ApeX Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.007%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 0GUSDT	0.2341	0.0100	pay 0.0013% / 1h	57m 30s	$18K	$631K	50x
Short	BloFin 0G-USDT	0.2344	0.0136	get 0.0068% / 4h	3h 57m	$326K	$9K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.128%Rate

Funding earned: $7.5
Price spread: +0.128% → −0.007%: $13.54
Slippage, 4 orders: −$70.72
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$71.68
Costs to cover: 0.927%
Break-even: 73.9 days

Slippage from ApeX Omni: live order book, 15 min ago; BloFin: live order book, 12 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, 15 min ago	10.73 bp	29.4 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 12 min ago	6.44 bp	18.0 bp −$18	33.9 bp −$339	203.8 bp −$20.4K	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-USDT	−0.0770%	4h	0.2340	−0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2338	−0.149%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2338	−0.137%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2342	+0.023%	$6.9M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2341	0.000%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2345	+0.171%	$888K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2338	−0.128%	$603K	$165K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2338	−0.128%	$2.1M	$202K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2338	−0.128%	$1.9M	$722K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2339	−0.085%	$37K	$47K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2340	−0.035%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDTlong	+0.0100%	1h	0.2341	long leg	$18K	$631K	50x
BloFin 0G-USDTshort	+0.0136%	4h	0.2344	+0.128%	$326K	$9K	50x
KuCoin 0GUSDTM	+0.0168%	4h	0.2342	+0.056%	$2.4M	$2.5M	50x	as long as short
Hyperliquid 0G	+0.0185%	1h	0.2342	+0.056%	$2.5M	$500K	3x	as long as short
Lighter 0G	+0.0232%	1h	0.2343	+0.085%	$45K	$100K	3x	as long as short