Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.176%

Price spread now: Lighter against BloFin0.000%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1391.389% of the position

Long on BloFin 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 3 days (all we have)+0.070%+$7 · spread now 0.000%, 7d avg +0.069%

Together, before fees+0.548%+ Points / potential airdropLighter: Season 3 · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.069% cheaper against BloFin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.069%). If the spread goes back, that is −$7 on $10k: about 24 hours of funding at the current rate (+$7 a day).

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 58m	$326K	$9K	50x
Short	Lighter 0G	0.2344	0.0368	get 0.0046% / 1h	58m 38s	$45K	$100K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $48.78
Price spread: 0.000% → +0.069%: −$6.95
Slippage, 4 orders: −$126.94
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$97.11
Costs to cover: 1.389%
Break-even: 20.9 days

Slippage from BloFin: live order book, 11 min ago; Lighter: live order book, 61 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, 11 min ago	6.44 bp	14.3 bp −$14	29.2 bp −$292	doesn't fit	doesn't fit
Sell Lighter live order book, 61 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	−0.0760%	4h	0.2339	−0.213%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2339	−0.198%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2340	−0.164%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2339	−0.210%	$6.9M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2338	−0.256%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2341	−0.128%	$888K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2339	−0.213%	$603K	$165K	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	0.2341	−0.128%	$1.9M	$722K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2341	−0.128%	$37K	$47K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2340	−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
Hyperliquid 0G	+0.0105%	1h	0.2344	−0.009%	$2.5M	$500K	3x	as long as short
BloFin 0G-USDTlong	+0.0136%	4h	0.2344	long leg	$326K	$9K	50x
KuCoin 0GUSDTM	+0.0170%	4h	0.2343	−0.064%	$2.4M	$2.5M	50x	as long as short
Lighter 0Gshort	+0.0368%	1h	0.2344	0.000%	$45K	$100K	3x