Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.131%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$700.705% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days−0.045%−$5 · spread now +0.131%, 7d avg −0.031%

Together, before fees−0.012%−$1 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: MEXC is 0.162% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 0GUSDT	0.2290	0.0100	pay 0.0050% / 4h	1h 33m	$2.2M	$2.3M	50x
Short	MEXC 0G_USDT	0.2293	0.0100	get 0.0050% / 4h	1h 33m	$2.0M	$203K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → −0.031%: $16.22
Slippage, 4 orders: −$55.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$54.25
Costs to cover: 0.705%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago	2.18 bp	27.7 bp −$28	248.3 bp −$2,483	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.18 bp	7.2 bp −$7	31.3 bp −$313	164.0 bp −$16.4K	296.6 bp −$148.3K

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	−0.0654%	4h	0.2292	+0.087%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2291	+0.035%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0078%	4h	0.2294	+0.175%	$325K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2291	+0.062%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2291	+0.044%	$6.7M	$8.9M	50x	as long as short
Bybit 0GUSDTlong	+0.0100%	4h	0.2290	long leg	$2.2M	$2.3M	50x
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2292	+0.087%	$873K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2290	0.000%	$590K	$163K	50x	as long as short
MEXC 0G_USDTshort	+0.0100%	4h	0.2293	+0.131%	$2.0M	$203K	50x
Bitget 0GUSDT	+0.0100%	4h	0.2292	+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	0.2293	+0.131%	$37K	$48K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2294	+0.185%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2293	+0.131%	$18K	$629K	50x	as long as short
KuCoin 0GUSDTM	+0.0118%	4h	0.2293	+0.135%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0G	+0.0702%	1h	0.2296	+0.271%	$2.4M	$513K	3x	as long as short
Lighter 0G	+0.0720%	1h	0.2295	+0.218%	$44K	$100K	3x	as long as short