Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0097%/8h= +10.7% APRpaid last 24h +0.183%

Price spread now: Hyperliquid against Binance+0.204%7-day average +0.231% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.602%+$60 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.204%, 7d avg +0.231%

Together, before fees+0.608%+ Points / potential airdropHyperliquid: Season 2 · farm board+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.027% cheaper against Binance than usual: you would sell low and buy high (spread +0.204% now, against its 7-day average of +0.231%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.602% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 0GUSDT	0.2312	0.0100	pay 0.0050% / 4h	2h 41m	$6.8M	$8.9M	50x
Short	Hyperliquid 0G	0.2316	0.0197	get 0.0025% / 1h	41m 32s	$2.5M	$523K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.204%Rate

Funding earned: $20.47
Price spread: +0.204% → +0.231%: −$2.67
Slippage, 4 orders: −$61.76
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$62.97
Costs to cover: 0.808%
Break-even: 28.5 days

Slippage from Binance: live order book, 13 min ago; Hyperliquid: live order book, 10 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 Binance live order book, 13 min ago	2.17 bp	14.2 bp −$14	44.1 bp −$441	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.08 bp	23.8 bp −$24	doesn't fit	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	−0.0472%	4h	0.2311	−0.029%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2312	−0.004%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2311	−0.025%	$23K	$22K	5x	as long as short
Binance 0GUSDTlong	+0.0100%	4h	0.2312	long leg	$6.8M	$8.9M	50x
Bybit 0GUSDT	+0.0100%	4h	0.2310	−0.073%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2312	+0.014%	$888K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2308	−0.159%	$594K	$163K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2311	−0.029%	$2.0M	$202K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2311	−0.038%	$2.4M	$2.6M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2314	+0.100%	$1.8M	$654K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2313	+0.057%	$37K	$49K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2312	−0.007%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2311	−0.029%	$18K	$633K	50x	as long as short
BloFin 0G-USDT	+0.0110%	4h	0.2311	−0.029%	$331K	$8K	50x	as long as short
Hyperliquid 0Gshort	+0.0197%	1h	0.2316	+0.204%	$2.5M	$523K	3x
Lighter 0G	+0.0504%	1h	0.2315	+0.144%	$44K	$101K	3x	as long as short