Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0334%/8h= −36.6% APRpaid last 24h −0.088%

Price spread now: GMX against BloFin−0.198%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 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 −$10 a day on $10k at the current rate, and GMX is 0.198% cheaper against BloFin than usual: you would sell low and buy high (−$20 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	BloFin 0G-USDT	0.2344	0.0136	pay 0.0068% / 4h	3h 59m	$326K	$9K	50x
Short	GMX 0G/USD [WBTC.b-USDC]	0.2339	L −0.0235% / S +0.0198%	pay 0.0025% / 1h	59m 12s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.198%Rate

Funding earned: −$70.11
Price spread: −0.198% → 0.000%: −$19.8
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$113.91
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 11 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 BloFin live order book, 11 min ago	6.44 bp	14.3 bp −$14	29.2 bp −$292	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	−0.0760%	4h	0.2339	−0.213%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]short	L −0.0235% / S +0.0198%	1h	0.2339	−0.198%	$2K	—	100x
Hyperliquid 0G	+0.0100%	1h	0.2344	+0.013%	$2.5M	$500K	3x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2340	−0.189%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2340	−0.171%	$6.9M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2339	−0.213%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2339	−0.213%	$889K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2341	−0.128%	$603K	$164K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2339	−0.213%	$2.1M	$202K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2342	−0.085%	$1.9M	$722K	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_PERP	+0.0100%	1h	0.2341	−0.128%	$37K	$47K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2340	−0.163%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2341	−0.128%	$18K	$631K	50x	as long as short
BloFin 0G-USDTlong	+0.0136%	4h	0.2344	long leg	$326K	$9K	50x
KuCoin 0GUSDTM	+0.0172%	4h	0.2344	−0.004%	$2.4M	$2.5M	50x	as long as short
Lighter 0G	+0.0368%	1h	0.2344	0.000%	$45K	$100K	3x	as long as short