Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.030%

Price spread now: KuCoin against Backpack+0.055%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 KuCoin

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 +$2 a day on $10k at the current rate, and KuCoin is 0.055% dearer against Backpack than usual: you sell high and buy low: +$6 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	0.2343	0.0100	pay 0.0013% / 1h	2m 23s	$37K	$47K	5x
Short	KuCoin 0GUSDTM	0.2344	0.0160	get 0.0080% / 4h	2m 23s	$2.4M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.055%Rate

Funding earned: $12.6
Price spread: +0.055% → 0.000%: $5.55
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3.85
Costs to cover: 0.220%
Break-even: 9.1 days

Slippage unknown: Backpack: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	2.78 bp	30.5 bp −$30	355.3 bp −$3,553	doesn't fit	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	−0.0760%	4h	0.2342	−0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2341	−0.078%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2340	−0.137%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2342	−0.028%	$6.9M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2340	−0.128%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2343	0.000%	$892K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2340	−0.128%	$603K	$173K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2341	−0.085%	$2.1M	$205K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2342	−0.043%	$1.9M	$720K	50x	as long as short
Backpack 0G_USDC_PERPlong	+0.0100%	1h	0.2343	long leg	$37K	$47K	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	0.2330	−0.547%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2332	−0.469%	$18K	$632K	50x	as long as short
BloFin 0G-USDT	+0.0146%	4h	0.2344	+0.043%	$327K	$9K	50x	as long as short
KuCoin 0GUSDTMshort	+0.0160%	4h	0.2344	+0.055%	$2.4M	$2.5M	50x
Hyperliquid 0G	+0.0499%	1h	0.2346	+0.111%	$2.5M	$500K	3x	as long as short
Lighter 0G	+0.0640%	1h	0.2346	+0.128%	$45K	$100K	3x	as long as short