Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0288%/8h= +31.5% APRpaid last 24h +0.180%

Price spread now: GMX against BingX−0.065%7-day average — · you buy dearer than you sell

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

Long on BingX 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

Funding pays, the price is against you. GMX is 0.065% cheaper against BingX than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 18 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 0G-USDT	0.2316	−0.0486	get 0.0243% / 4h	2h 35m	—	$6.5M	—
Short	GMX 0G/USD [WBTC.b-USDC]	0.2314	L −0.0235% / S +0.0198%	pay 0.0025% / 1h	35m 00s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $60.45
Price spread: −0.065% → 0.000%: −$6.48
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $31.98
Costs to cover: 0.220%
Break-even: 3.3 days

Slippage unknown: BingX: live order book, 6 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 BingX live order book, 6 min ago	6.49 bp	20.8 bp −$21	45.7 bp −$457	645.5 bp −$64.5K	1323.9 bp −$661.9K
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-USDTlong	−0.0486%	4h	0.2316	long leg	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]short	L −0.0235% / S +0.0198%	1h	0.2314	−0.065%	$2K	—	100x
Aster 0GUSDT	+0.0100%	4h	0.2313	−0.118%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2316	+0.021%	$6.8M	$9.0M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2314	−0.086%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2316	0.000%	$889K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2311	−0.216%	$595K	$163K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2315	−0.043%	$2.0M	$202K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2316	+0.017%	$2.4M	$2.6M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2317	+0.043%	$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	0.2317	+0.043%	$37K	$49K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2314	−0.090%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2313	−0.130%	$18K	$632K	50x	as long as short
BloFin 0G-USDT	+0.0154%	4h	0.2318	+0.086%	$329K	$9K	50x	as long as short
Hyperliquid 0G	+0.0217%	1h	0.2320	+0.164%	$2.5M	$522K	3x	as long as short
Lighter 0G	+0.0544%	1h	0.2319	+0.130%	$44K	$101K	3x	as long as short