Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0752%/8h= +82.3% APRpaid last 24h +0.304%

Price spread now: Backpack against BingX0.000%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Backpack

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$23 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 0G-USDT	0.2300	−0.0652	get 0.0326% / 4h	1h 15m	—	$6.5M	—
Short	Backpack 0G_USDC_PERP	0.2300	0.0100	get 0.0013% / 1h	15m 28s	$37K	$48K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against BingX. 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 BingXbpFee BackpackbpOrdersPrice spread, now 0.000%Rate

Funding earned: $157.92
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $137.92
Costs to cover: 0.200%
Break-even: 0.9 days

Slippage unknown: BingX: live order book, 1 min ago; Backpack: 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 BingX live order book, 1 min ago	6.52 bp	18.5 bp −$18	44.6 bp −$446	746.0 bp −$74.6K	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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-USDTlong	−0.0652%	4h	0.2300	long leg	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2298	−0.093%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0078%	4h	0.2298	−0.087%	$323K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2300	−0.013%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2300	+0.020%	$6.7M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2299	−0.043%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2302	+0.087%	$875K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2298	−0.087%	$592K	$164K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2300	0.000%	$2.0M	$204K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2301	+0.043%	$1.8M	$657K	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_PERPshort	+0.0100%	1h	0.2300	0.000%	$37K	$48K	5x
Variational Omni 0G	+0.0100%	4h	0.2298	−0.099%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2296	−0.174%	$18K	$631K	50x	as long as short
KuCoin 0GUSDTM	+0.0198%	4h	0.2301	+0.030%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0G	+0.0782%	1h	0.2303	+0.148%	$2.4M	$508K	3x	as long as short
Lighter 0G	+0.0808%	1h	0.2304	+0.174%	$44K	$100K	3x	as long as short