Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0474%/8h= −51.9% APRpaid last 24h −0.241%

Price spread now: BingX against Backpack0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−2.970%−$297 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack 0G_USDC_PERP	0.2373	0.0100	pay 0.0013% / 1h	5m 05s	$32K	$60K	5x
Short	BingX 0G-USDT	0.2373	−0.0374	pay 0.0187% / 4h	3h 05m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Backpack. 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 BackpackbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$99.54
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$119.54
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; BingX: live order book, 6 min ago. Net counts fees only.

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 Backpack no order-book sample	—	—	—	—	—
Sell BingX live order book, 6 min ago	6.26 bp	22.4 bp −$22	48.4 bp −$484	324.1 bp −$32.4K	doesn't fit

Backpack: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0374%	4h	0.2373	0.000%	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2382	+0.379%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0088%	4h	0.2395	+0.927%	$327K	$17K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2373	+0.014%	$17K	$50K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2373	0.000%	$7.0M	$8.3M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2372	−0.042%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2373	0.000%	$876K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2372	−0.042%	$603K	$215K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2373	0.000%	$2.1M	$252K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2374	+0.046%	$2.2M	$2.2M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget 0GUSDT	+0.0100%	4h	0.2374	+0.042%	$2.0M	$787K	50x	as long as short
Backpack 0G_USDC_PERPlong	+0.0100%	1h	0.2373	long leg	$32K	$60K	5x
Variational Omni 0G	+0.0100%	4h	0.2380	+0.300%	$15K	$8K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2382	+0.396%	$18K	$625K	50x	as long as short
Hyperliquid 0G	+0.0235%	1h	0.2379	+0.232%	$2.5M	$433K	3x	as long as short
Lighter 0G	+0.0688%	1h	0.2378	+0.211%	$49K	$87K	3x	as long as short