Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0229%/8h= +25.0% APRpaid last 24h +0.040%

Price spread now: Backpack against Bitget−0.043%7-day average — · you buy dearer than you sell

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

Long on Bitget 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

Funding pays, the price is against you. Backpack is 0.043% cheaper against Bitget than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 0GUSDT	0.2318	0.0100	pay 0.0050% / 4h	36m 38s	$1.8M	$666K	50x
Short	Backpack 0G_USDC_PERP	0.2317	0.0329	get 0.0041% / 1h	36m 38s	$37K	$47K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bitget. 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 BitgetbpFee BackpackbpOrdersPrice spread, now −0.043%Rate

Funding earned: $48.03
Price spread: −0.043% → 0.000%: −$4.31
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: $21.72
Costs to cover: 0.220%
Break-even: 3.8 days

Slippage unknown: Bitget: live order book, just now; 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 Bitget live order book, just now	2.16 bp	23.4 bp −$23	46.3 bp −$463	doesn't fit	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-USDT	−0.0652%	4h	0.2317	−0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2316	−0.108%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0078%	4h	0.2316	−0.086%	$240K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2317	−0.062%	$23K	$19K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2317	−0.043%	$6.8M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2316	−0.086%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2319	+0.043%	$884K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2317	−0.043%	$598K	$163K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2317	−0.043%	$2.0M	$202K	50x	as long as short
Bitget 0GUSDTlong	+0.0100%	4h	0.2318	long leg	$1.8M	$666K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2314	−0.163%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2315	−0.129%	$18K	$629K	50x	as long as short
KuCoin 0GUSDTM	+0.0188%	4h	0.2319	+0.047%	$2.4M	$2.6M	50x	as long as short
Backpack 0G_USDC_PERPshort	+0.0329%	1h	0.2317	−0.043%	$37K	$47K	5x
Hyperliquid 0G	+0.0629%	1h	0.2320	+0.095%	$2.5M	$498K	3x	as long as short
Lighter 0G	+0.0704%	1h	0.2321	+0.129%	$44K	$100K	3x	as long as short