Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.084%

Price spread now: GMX against Bitget−0.035%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 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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.035% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 0GUSDT	0.2359	0.0100	pay 0.0050% / 4h	1h 43m	$1.9M	$826K	50x
Short	GMX 0G/USD [WBTC.b-USDC]	0.2358	L −0.0235% / S +0.0198%	pay 0.0025% / 1h	43m 02s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$62.61
Price spread: −0.035% → 0.000%: −$3.48
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$90.08
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	4.25 bp	25.8 bp −$26	59.9 bp −$599	doesn't fit	doesn't fit
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-USDT	−0.0582%	4h	0.2358	−0.042%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]short	L −0.0235% / S +0.0198%	1h	0.2358	−0.035%	$2K	—	100x
BloFin 0G-USDT	+0.0095%	4h	0.2358	−0.042%	$329K	$10K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2358	−0.062%	$17K	$45K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2358	−0.023%	$6.9M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2357	−0.085%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2360	+0.042%	$868K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2356	−0.127%	$589K	$194K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2357	−0.085%	$2.1M	$246K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2358	−0.055%	$2.3M	$2.3M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget 0GUSDTlong	+0.0100%	4h	0.2359	long leg	$1.9M	$826K	50x
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2359	0.000%	$31K	$60K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2345	−0.590%	$15K	$6K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2352	−0.305%	$17K	$621K	50x	as long as short
Hyperliquid 0G	+0.0674%	1h	0.2364	+0.208%	$2.5M	$453K	3x	as long as short
Lighter 0G	+0.0744%	1h	0.2363	+0.170%	$49K	$88K	3x	as long as short