Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.2% APRpaid last 24h −0.036%

Price spread now: BloFin against Backpack+0.043%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.043% dearer against Backpack than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack 0G_USDC_PERP	0.2329	0.0100	pay 0.0013% / 1h	9m 13s	$36K	$48K	5x
Short	BloFin 0G-USDT	0.2330	0.0148	get 0.0074% / 4h	9m 13s	$326K	$9K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.043%Rate

Funding earned: $10.01
Price spread: +0.043% → 0.000%: $4.29
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.7
Costs to cover: 0.220%
Break-even: 12.4 days

Slippage unknown: Backpack: no order-book sample; BloFin: live order book, 1 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 BloFin live order book, 1 min ago	6.44 bp	18.0 bp −$18	33.9 bp −$339	203.8 bp −$20.4K	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-USDT	−0.0708%	4h	0.2329	0.000%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2327	−0.073%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2327	−0.075%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2329	+0.004%	$6.8M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2328	−0.043%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2328	−0.043%	$889K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2327	−0.086%	$600K	$172K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2328	−0.043%	$2.1M	$205K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2328	−0.043%	$1.9M	$718K	50x	as long as short
Backpack 0G_USDC_PERPlong	+0.0100%	1h	0.2329	long leg	$36K	$48K	5x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2324	−0.208%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2328	−0.043%	$18K	$630K	50x	as long as short
KuCoin 0GUSDTM	+0.0138%	4h	0.2331	+0.073%	$2.4M	$2.6M	50x	as long as short
BloFin 0G-USDTshort	+0.0148%	4h	0.2330	+0.043%	$326K	$9K	50x
Hyperliquid 0G	+0.0550%	1h	0.2333	+0.165%	$2.5M	$500K	3x	as long as short
Lighter 0G	+0.0616%	1h	0.2332	+0.129%	$45K	$100K	3x	as long as short