Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.085%

Price spread now: GMX against Gate+0.061%7-day average — · you sell dearer than you buy

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. GMX is 0.061% dearer against Gate than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate 0G_USDT	0.2309	0.0100	pay 0.0100% / 8h	2h 48m	$594K	$163K	50x
Short	GMX 0G/USD [WBTC.b-USDC]	0.2310	L −0.0235% / S +0.0198%	pay 0.0025% / 1h	48m 49s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$62.61
Price spread: +0.061% → 0.000%: $6.06
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$83.54
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 37 min ago; GMX: 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 Gate live order book, 37 min ago	15.10 bp	113.3 bp −$113	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0436%	4h	0.2312	+0.130%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]short	L −0.0235% / S +0.0198%	1h	0.2310	+0.061%	$2K	—	100x
BloFin 0G-USDT	+0.0054%	4h	0.2313	+0.173%	$330K	$8K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2311	+0.069%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2313	+0.167%	$6.8M	$9.0M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2311	+0.087%	$2.2M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2314	+0.217%	$888K	$2.3M	20x	as long as short
Gate 0G_USDTlong	+0.0100%	8h	0.2309	long leg	$594K	$163K	50x
MEXC 0G_USDT	+0.0100%	4h	0.2311	+0.087%	$2.0M	$202K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2315	+0.260%	$1.8M	$653K	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	0.2312	+0.130%	$37K	$49K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2313	+0.152%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2317	+0.342%	$18K	$634K	50x	as long as short
KuCoin 0GUSDTM	+0.0132%	4h	0.2314	+0.204%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0G	+0.0188%	1h	0.2317	+0.333%	$2.5M	$522K	3x	as long as short
Lighter 0G	+0.0600%	1h	0.2316	+0.303%	$44K	$101K	3x	as long as short