Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1348%/8h= +147.6% APRpaid last 24h +0.446%

Price spread now: Hyperliquid against BingX+0.147%7-day average +0.220% · you sell dearer than you buy

Net, funding: paid 7d − costs+$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$880.880% of the position

Long on BingX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+3.275%+$327 on $10k

Price spread, last 7 days+0.068%+$7 · spread now +0.147%, 7d avg +0.220%

Together, before fees+3.343%+ Points / potential airdropHyperliquid: Season 2 · farm board+$334 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.073% cheaper against BingX than usual: you would sell low and buy high (spread +0.147% now, against its 7-day average of +0.220%). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$40 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 0G-USDT	0.2307	−0.0640	get 0.0320% / 4h	1h 01m	—	$6.5M	—
Short	Hyperliquid 0G	0.2310	0.0708	get 0.0089% / 1h	1m 42s	$2.4M	$502K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.147%Rate

Funding earned: $283.14
Price spread: +0.147% → +0.220%: −$7.29
Slippage, 4 orders: −$69.01
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $187.84
Costs to cover: 0.880%
Break-even: 2.4 days

Slippage from BingX: live order book, 14 min ago; Hyperliquid: live order book, 9 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 BingX live order book, 14 min ago	6.52 bp	18.5 bp −$18	44.6 bp −$446	746.0 bp −$74.6K	doesn't fit
Sell Hyperliquid live order book, 9 min ago	1.52 bp	23.4 bp −$23	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-USDTlong	−0.0640%	4h	0.2307	long leg	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2305	−0.078%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0053%	4h	0.2308	+0.043%	$323K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2306	−0.030%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2307	0.000%	$6.7M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2306	−0.043%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2309	+0.087%	$874K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2304	−0.130%	$594K	$165K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2307	0.000%	$2.0M	$204K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2307	0.000%	$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
Variational Omni 0G	+0.0100%	4h	0.2302	−0.230%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2303	−0.173%	$18K	$632K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0108%	1h	0.2307	0.000%	$37K	$47K	5x	as long as short
KuCoin 0GUSDTM	+0.0216%	4h	0.2308	+0.048%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0Gshort	+0.0708%	1h	0.2310	+0.147%	$2.4M	$502K	3x
Lighter 0G	+0.0776%	1h	0.2310	+0.130%	$44K	$100K	3x	as long as short