Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against ApeX Omni+0.177%50s7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as 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−$1071.075% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.256%−$26 · spread now +0.177%, 7d avg +0.056%

Together, before fees−0.243%−$24 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: OKX is 0.121% dearer against ApeX Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.056%. The two prices were read 50 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	0.2323	0.0100	pay 0.0013% / 1h	48m 41s	$18K	$631K	50x
Short	OKX 0G-USDT-SWAP	0.2327	0.0100	get 0.0050% / 4h	48m 41s	$884K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.177%Rate

Funding earned: $0
Price spread: +0.177% → +0.056%: $12.1
Slippage, 4 orders: −$87.46
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$95.36
Costs to cover: 1.075%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; OKX: live order book, 3 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, 29 min ago	10.88 bp	30.8 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	4.30 bp	22.7 bp −$23	80.1 bp −$801	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	−0.0638%	4h	0.2324	+0.047%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2323	+0.012%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0079%	4h	0.2326	+0.133%	$325K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2323	+0.013%	$23K	$19K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2324	+0.047%	$6.8M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2323	+0.004%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAPshort	+0.0100%	4h	0.2327	+0.177%	$884K	$2.3M	20x
Gate 0G_USDT	+0.0100%	8h	0.2323	+0.004%	$599K	$162K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2324	+0.047%	$2.1M	$202K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2323	+0.004%	$1.8M	$665K	50x	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	0.2321	−0.094%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDTlong	+0.0100%	1h	0.2323	long leg	$18K	$631K	50x
KuCoin 0GUSDTM	+0.0226%	4h	0.2327	+0.177%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0G	+0.0624%	1h	0.2328	+0.224%	$2.5M	$500K	3x	as long as short
Backpack 0G_USDC_PERP	+0.0776%	1h	0.2323	+0.004%	$38K	$47K	5x	as long as short
Lighter 0G	+0.0824%	1h	0.2327	+0.177%	$44K	$100K	3x	as long as short