Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1420%/8h= +155.5% APRpaid last 24h +0.198%

Price spread now: Lighter against Bybit+0.298%7-day average +0.027% · you sell dearer than you buy

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

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.538%+$54 on $10k

Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.298%, 7d avg +0.027%

Together, before fees+0.287%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Lighter is 0.271% dearer against Bybit than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.027%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.538% in total (about 28.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 0GUSDT	0.2349	0.0100	pay 0.0050% / 4h	3h 58m	$2.4M	$2.3M	50x
Short	Lighter 0G	0.2356	0.1520	get 0.0190% / 1h	58m 49s	$49K	$87K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.298%Rate

Funding earned: $298.2
Price spread: +0.298% → +0.027%: $27.08
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: $314.28
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 min ago; Lighter: 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 Bybit live order book, 3 min ago	6.37 bp	35.8 bp −$36	232.3 bp −$2,323	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	−0.0816%	4h	0.2350	+0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2350	+0.062%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0098%	4h	0.2354	+0.213%	$330K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2352	+0.149%	$17K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2350	+0.060%	$6.9M	$8.7M	50x	as long as short
Bybit 0GUSDTlong	+0.0100%	4h	0.2349	long leg	$2.4M	$2.3M	50x
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2351	+0.085%	$875K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2351	+0.085%	$606K	$148K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2349	0.000%	$2.1M	$223K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2350	+0.043%	$2.0M	$810K	50x	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	0.2353	+0.153%	$13K	$3K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2360	+0.468%	$18K	$619K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0206%	1h	0.2353	+0.170%	$32K	$54K	5x	as long as short
KuCoin 0GUSDTM	+0.0244%	4h	0.2354	+0.192%	$2.4M	$2.4M	50x	as long as short
Hyperliquid 0G	+0.0650%	1h	0.2355	+0.244%	$2.5M	$495K	3x	as long as short
Lighter 0Gshort	+0.1520%	1h	0.2356	+0.298%	$49K	$87K	3x