Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0558%/8h= +61.0% APRpaid last 24h +0.179%

Price spread now: Hyperliquid against BloFin+0.013%67s7-day average +0.230% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$730.734% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.602%+$60 on $10k

Price spread, last 3 days (all we have)+0.272%+$27 · spread now +0.013%, 7d avg +0.230%

Together, before fees+0.874%+ Points / potential airdropHyperliquid: Season 2 · farm board+$87 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.217% cheaper against BloFin than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.230%). If the spread goes back, that is −$22 on $10k: about 31 hours of funding at the current rate (+$17 a day). The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin 0G-USDT	0.2307	0.0052	pay 0.0026% / 4h	1h 39m	$326K	$9K	50x
Short	Hyperliquid 0G	0.2307	0.0610	get 0.0076% / 1h	39m 56s	$2.4M	$519K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.013%Rate

Funding earned: $117.08
Price spread: +0.013% → +0.230%: −$21.67
Slippage, 4 orders: −$52.41
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $21.99
Costs to cover: 0.734%
Break-even: 5.7 days

Slippage from BloFin: live order book, 40 min ago; Hyperliquid: live order book, 1 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 BloFin live order book, 40 min ago	2.15 bp	16.5 bp −$16	29.5 bp −$295	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 1 min ago	1.95 bp	19.6 bp −$20	doesn't fit	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	−0.0644%	4h	0.2303	−0.173%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2301	−0.243%	$2K	—	100x	as long as short
BloFin 0G-USDTlong	+0.0052%	4h	0.2307	long leg	$326K	$9K	50x
Aster 0GUSDT	+0.0100%	4h	0.2303	−0.194%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2303	−0.173%	$6.7M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2301	−0.260%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2303	−0.173%	$880K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2300	−0.303%	$592K	$162K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2302	−0.217%	$2.0M	$202K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2305	−0.087%	$1.8M	$656K	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	0.2304	−0.130%	$37K	$48K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2304	−0.142%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2303	−0.160%	$18K	$630K	50x	as long as short
KuCoin 0GUSDTM	+0.0130%	4h	0.2306	−0.056%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0Gshort	+0.0610%	1h	0.2307	+0.013%	$2.4M	$519K	3x
Lighter 0G	+0.0776%	1h	0.2306	−0.043%	$44K	$100K	3x	as long as short