Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1784%/8h= −195.3% APRpaid last 24h −0.241%

Price spread now: BingX against Gate+0.131%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$766as in the Funding arb table

Net, price: spread back to 7d avg − costs−$489as in the Price arb table

costs, in and out, $10k−$4944.944% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−2.716%−$272 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.131%, 7d avg +0.073%

Together, before fees−2.769%−$277 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.058% dearer against Gate than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.073%): +$6 on $10k if it goes back. Holding the pair costs −$54 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate 0G_USDT	0.2296	0.0100	pay 0.0100% / 8h	6h 09m	$594K	$162K	50x
Short	BingX 0G-USDT	0.2299	−0.1684	pay 0.0842% / 4h	2h 09m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.131%Rate

Funding earned: −$374.64
Price spread: +0.131% → +0.073%: $5.8
Slippage, 4 orders: −$469.37
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$863.21
Costs to cover: 4.944%
Break-even: never at this rate

Slippage from Gate: live order book, 57 min ago; BingX: live order book, 12 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 Gate live order book, 57 min ago	4.27 bp	203.6 bp −$204	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	4.31 bp	17.8 bp −$18	43.8 bp −$438	370.7 bp −$37.1K	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-USDTshort	−0.1684%	4h	0.2299	+0.131%	—	$6.6M	—
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2296	+0.006%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2298	+0.105%	$17K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2299	+0.141%	$6.8M	$9.3M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2298	+0.087%	$2.3M	$2.5M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2301	+0.218%	$888K	$2.5M	20x	as long as short
Gate 0G_USDTlong	+0.0100%	8h	0.2296	long leg	$594K	$162K	50x
MEXC 0G_USDT	+0.0100%	4h	0.2298	+0.087%	$2.0M	$204K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2300	+0.192%	$2.4M	$2.5M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2300	+0.174%	$1.8M	$761K	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	0.2309	+0.570%	$13K	$3K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2312	+0.714%	$18K	$626K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0473%	1h	0.2305	+0.392%	$31K	$54K	5x	as long as short
Hyperliquid 0G	+0.0937%	1h	0.2304	+0.332%	$2.5M	$508K	3x	as long as short
Lighter 0G	+0.0976%	1h	0.2305	+0.392%	$48K	$104K	3x	as long as short