Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.087%

Price spread now: GMX against Binance+0.019%7-day average — · you sell dearer than you buy

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

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 0GUSDT	0.2387	0.0100	pay 0.0050% / 4h	43m 05s	$7.1M	$8.7M	50x
Short	GMX 0G/USD [WBTC.b-USDC]	0.2388	L −0.0235% / S +0.0198%	pay 0.0025% / 1h	43m 05s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$62.61
Price spread: +0.019% → 0.000%: $1.94
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$82.67
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 min ago; GMX: no order-book sample. 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 Binance live order book, 11 min ago	2.11 bp	18.1 bp −$18	50.0 bp −$500	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0415%	4h	0.2387	−0.003%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]short	L −0.0235% / S +0.0198%	1h	0.2388	+0.019%	$2K	—	100x
BloFin 0G-USDT	+0.0072%	4h	0.2388	+0.039%	$329K	$10K	50x	as long as short
Hyperliquid 0G	+0.0100%	1h	0.2390	+0.110%	$2.5M	$444K	3x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2388	+0.037%	$17K	$46K	5x	as long as short
Binance 0GUSDTlong	+0.0100%	4h	0.2387	long leg	$7.1M	$8.7M	50x
Bybit 0GUSDT	+0.0100%	4h	0.2385	−0.087%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2387	−0.003%	$893K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2388	+0.039%	$614K	$214K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2387	−0.003%	$2.1M	$248K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin 0GUSDTM	+0.0100%	4h	0.2388	+0.035%	$2.3M	$2.2M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2388	+0.039%	$2.0M	$805K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2381	−0.274%	$15K	$7K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2391	+0.173%	$18K	$627K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0429%	1h	0.2388	+0.039%	$34K	$62K	5x	as long as short
Lighter 0G	+0.0560%	1h	0.2393	+0.249%	$50K	$87K	3x	as long as short