Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0372%/8h= +40.7% APRpaid last 24h +0.182%

Price spread now: Lighter against Binance+0.127%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1341.345% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.486%+$49 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.127%, 7d avg +0.057%

Together, before fees+0.390%+ Points / potential airdropLighter: Season 3 · farm board+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter is 0.070% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 0GUSDT	0.2356	0.0100	pay 0.0050% / 4h	3h 14m	$6.9M	$9.2M	50x
Short	Lighter 0G	0.2359	0.0472	get 0.0059% / 1h	14m 46s	$45K	$100K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.127%Rate

Funding earned: $78.12
Price spread: +0.127% → +0.057%: $7.05
Slippage, 4 orders: −$124.46
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$49.3
Costs to cover: 1.345%
Break-even: 11.4 days

Slippage from Binance: live order book, 10 min ago; Lighter: live order book, 36 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, 10 min ago	2.14 bp	14.6 bp −$15	46.5 bp −$465	doesn't fit	doesn't fit
Sell Lighter live order book, 36 min ago	10.69 bp	57.9 bp −$58	151.1 bp −$1,511	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	−0.1432%	4h	0.2355	−0.042%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2354	−0.106%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0099%	4h	0.2350	−0.255%	$331K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2353	−0.110%	$20K	$30K	5x	as long as short
Binance 0GUSDTlong	+0.0100%	4h	0.2356	long leg	$6.9M	$9.2M	50x
Bybit 0GUSDT	+0.0100%	4h	0.2355	−0.042%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2356	0.000%	$891K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2354	−0.085%	$608K	$171K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2355	−0.042%	$2.1M	$204K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2357	+0.030%	$2.5M	$2.5M	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	0.2356	0.000%	$1.9M	$751K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2356	0.000%	$35K	$48K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2352	−0.185%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2344	−0.492%	$18K	$630K	50x	as long as short
Lighter 0Gshort	+0.0472%	1h	0.2359	+0.127%	$45K	$100K	3x
Hyperliquid 0G	+0.0864%	1h	0.2361	+0.191%	$2.5M	$515K	3x	as long as short