Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.035%

Price spread now: Backpack against BloFin−0.256%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.256% cheaper against BloFin than usual: you would sell low and buy high (spread −0.256% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 57 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin 0G-USDT	0.2343	0.0085	pay 0.0042% / 4h	3h 41m	$328K	$9K	50x
Short	Backpack 0G_USDC_PERP	0.2337	0.0100	get 0.0013% / 1h	41m 00s	$35K	$48K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against BloFin. 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 BloFinbpFee BackpackbpOrdersPrice spread, now −0.256%Rate

Funding earned: $3.16
Price spread: −0.256% → 0.000%: −$25.61
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$44.45
Costs to cover: 0.220%
Break-even: 105.5 days

Slippage unknown: BloFin: live order book, 29 min ago; 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 BloFin live order book, 29 min ago	6.44 bp	14.3 bp −$14	29.2 bp −$292	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	−0.1012%	4h	0.2337	−0.256%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2335	−0.326%	$2K	—	100x	as long as short
BloFin 0G-USDTlong	+0.0085%	4h	0.2343	long leg	$328K	$9K	50x
Aster 0GUSDT	+0.0100%	4h	0.2338	−0.217%	$23K	$30K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2336	−0.283%	$6.9M	$9.2M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2336	−0.299%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2338	−0.213%	$877K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2339	−0.171%	$605K	$169K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2336	−0.299%	$2.1M	$203K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2338	−0.213%	$1.9M	$743K	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_PERPshort	+0.0100%	1h	0.2337	−0.256%	$35K	$48K	5x
Variational Omni 0G	+0.0100%	4h	0.2335	−0.357%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2344	+0.043%	$18K	$633K	50x	as long as short
KuCoin 0GUSDTM	+0.0148%	4h	0.2341	−0.094%	$2.4M	$2.5M	50x	as long as short
Lighter 0G	+0.0304%	1h	0.2341	−0.085%	$45K	$100K	3x	as long as short
Hyperliquid 0G	+0.0414%	1h	0.2341	−0.088%	$2.5M	$513K	3x	as long as short