Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0588%/8h= +64.4% APRpaid last 24h +0.179%

Price spread now: Lighter against Bitget+0.086%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1531.533% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.478%+$48 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.086%, 7d avg +0.050%

Together, before fees+0.508%+ Points / potential airdropLighter: Season 3 · farm board+$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Lighter is 0.036% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.050%.

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	30m 01s	$1.8M	$670K	50x
Short	Lighter 0G	0.2320	0.0688	get 0.0086% / 1h	30m 01s	$44K	$100K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.086%Rate

Funding earned: $123.48
Price spread: +0.086% → +0.050%: $3.64
Slippage, 4 orders: −$141.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$26.17
Costs to cover: 1.533%
Break-even: 8.5 days

Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 29 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 Bitget live order book, 2 min ago	2.16 bp	26.3 bp −$26	54.7 bp −$547	doesn't fit	doesn't fit
Sell Lighter live order book, 29 min ago	12.94 bp	57.3 bp −$57	138.8 bp −$1,388	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-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	0.2315	−0.117%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0099%	4h	0.2317	−0.043%	$326K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2315	−0.121%	$23K	$19K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2316	−0.086%	$6.8M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2315	−0.129%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2318	0.000%	$884K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2315	−0.129%	$598K	$168K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2316	−0.086%	$2.0M	$203K	50x	as long as short
Bitget 0GUSDTlong	+0.0100%	4h	0.2318	long leg	$1.8M	$670K	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	0.2315	−0.141%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2318	+0.017%	$18K	$630K	50x	as long as short
KuCoin 0GUSDTM	+0.0160%	4h	0.2318	0.000%	$2.4M	$2.6M	50x	as long as short
Backpack 0G_USDC_PERP	+0.0224%	1h	0.2317	−0.043%	$37K	$47K	5x	as long as short
Hyperliquid 0G	+0.0620%	1h	0.2319	+0.056%	$2.5M	$498K	3x	as long as short
Lighter 0Gshort	+0.0688%	1h	0.2320	+0.086%	$44K	$100K	3x