Settings8H · net · $10k
Funding arb · Price arb /

0G

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0448%/8h= +49.1% APRnext payment +$0.56 per $10,000 · paid last 24h +0.182%
Price spread now: Hyperliquid against ApeX Omni+0.439%65s7-day average +0.218% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1221.221% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.631%+$63 on $10k
Price spread, last 3 days (all we have)−0.211%−$21 · spread now +0.439%, 7d avg +0.218%
Together, before fees+0.419%+ Points / potential airdropHyperliquid: Season 2 · farm board+$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hyperliquid is 0.220% dearer against ApeX Omni than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.218%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni 0GUSDT0.23060.0100pay 0.0013% / 1h58m 30s$18K$632K50x
ShortHyperliquid 0G0.23170.0548get 0.0068% / 1h58m 30s$2.5M$503K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$94.08
Price spread: +0.439% → +0.218%
$22.04
Slippage, 4 orders
−$103.07
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$5.95
Costs to cover
1.221%
Break-even
7.4 days
Slippage from ApeX Omni: live order book, 19 min ago; Hyperliquid: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 19 min ago10.88 bp30.8 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago1.08 bp27.1 bp −$27doesn't fitdoesn't fitdoesn't fit

0G on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX 0G-USDT−0.0640%4h0.2314+0.325%$6.5Mas long as short
GMX 0G/USD [WBTC.b-USDC]L −0.0235% / S +0.0198%1h0.2313+0.274%$2K100xas long as short
Aster 0GUSDT+0.0100%4h0.2315+0.356%$23K$19K5xas long as short
Binance 0GUSDT+0.0100%4h0.2313+0.282%$6.8M$8.9M50xas long as short
Bybit 0GUSDT+0.0100%4h0.2311+0.195%$2.3M$2.3M50xas long as short
OKX 0G-USDT-SWAP+0.0100%4h0.2314+0.325%$880K$2.3M20xas long as short
Gate 0G_USDT+0.0100%8h0.2312+0.238%$596K$162K50xas long as short
MEXC 0G_USDT+0.0100%4h0.2313+0.282%$2.0M$201K50xas long as short
Bitget 0GUSDT+0.0100%4h0.2314+0.325%$1.8M$659K50xas long as short
Variational Omni 0G+0.0100%4h0.2305−0.079%$12K$10Kas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni 0GUSDTlong+0.0100%1h0.2306long leg$18K$632K50x
BloFin 0G-USDT+0.0121%4h0.2312+0.238%$324K$9K50xas long as short
KuCoin 0GUSDTM+0.0218%4h0.2313+0.282%$2.4M$2.6M50xas long as short
Hyperliquid 0Gshort+0.0548%1h0.2317+0.439%$2.5M$503K3x
Backpack 0G_USDC_PERP+0.1140%1h0.2316+0.412%$37K$47K5xas long as short
Lighter 0G+0.1224%1h0.2316+0.412%$44K$100K3xas long as short