Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni−0.141%99s7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as 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−$1241.243% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.141%, 7d avg +0.023%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.164% cheaper against ApeX Omni than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 99 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	0.2343	0.0100	pay 0.0013% / 1h	11m 50s	$18K	$621K	50x
Short	Bybit 0GUSDT	0.2340	0.0100	get 0.0050% / 4h	3h 11m	$2.4M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → +0.023%: −$16.39
Slippage, 4 orders: −$103.29
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$140.68
Costs to cover: 1.243%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 41 min ago; Bybit: live order book, 5 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, 41 min ago	10.69 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	6.40 bp	29.3 bp −$29	226.0 bp −$2,260	doesn't fit	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	−0.0642%	4h	0.2341	−0.098%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2339	−0.169%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0075%	4h	0.2342	−0.055%	$328K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2341	−0.095%	$17K	$41K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2342	−0.048%	$6.9M	$8.5M	50x	as long as short
Bybit 0GUSDTshort	+0.0100%	4h	0.2340	−0.141%	$2.4M	$2.2M	50x
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2342	−0.055%	$876K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2341	−0.098%	$606K	$155K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2341	−0.098%	$2.1M	$239K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2341	−0.098%	$1.9M	$801K	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	0.2342	−0.055%	$32K	$54K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2341	−0.094%	$14K	$5K	—	as long as short
ApeX Omni 0GUSDTlong	+0.0100%	1h	0.2343	long leg	$18K	$621K	50x
KuCoin 0GUSDTM	+0.0236%	4h	0.2341	−0.077%	$2.3M	$2.3M	50x	as long as short
Hyperliquid 0G	+0.0559%	1h	0.2345	+0.092%	$2.5M	$465K	3x	as long as short
Lighter 0G	+0.1320%	1h	0.2346	+0.115%	$49K	$87K	3x	as long as short