Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bybit−0.077%49s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as 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−$1111.111% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.077%, 7d avg −0.028%

Together, before fees+0.152%+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.049% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.028%. The two prices were read 49 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	Bybit 0GUSDT	0.2323	0.0100	pay 0.0050% / 4h	2h 24m	$2.3M	$2.5M	50x
Short	ApeX Omni 0GUSDT	0.2321	0.0100	get 0.0013% / 1h	24m 40s	$18K	$628K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.028%: −$4.92
Slippage, 4 orders: −$90.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$116
Costs to cover: 1.111%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 43 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 Bybit live order book, 2 min ago	6.45 bp	24.0 bp −$24	263.8 bp −$2,638	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 43 min ago	8.51 bp	30.5 bp −$31	doesn't fit	doesn't fit	doesn't fit

0G on 15 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	−0.1872%	4h	0.2325	+0.086%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2324	+0.046%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2324	+0.049%	$18K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2324	+0.057%	$6.8M	$9.4M	50x	as long as short
Bybit 0GUSDTlong	+0.0100%	4h	0.2323	long leg	$2.3M	$2.5M	50x
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2326	+0.129%	$898K	$2.5M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2324	+0.043%	$601K	$161K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2323	0.000%	$2.1M	$199K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2329	+0.241%	$2.4M	$2.5M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2326	+0.129%	$1.9M	$769K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2327	+0.156%	$13K	$5K	—	as long as short
ApeX Omni 0GUSDTshort	+0.0100%	1h	0.2321	−0.077%	$18K	$628K	50x
Backpack 0G_USDC_PERP	+0.0584%	1h	0.2325	+0.086%	$31K	$54K	5x	as long as short
Lighter 0G	+0.0800%	1h	0.2330	+0.301%	$49K	$104K	3x	as long as short
Hyperliquid 0G	+0.0801%	1h	0.2330	+0.284%	$2.5M	$525K	3x	as long as short