Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0488%/8h= +53.4% APRpaid last 24h +0.182%

Price spread now: Hyperliquid against Gate+0.314%7-day average +0.258% · you sell dearer than you buy

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

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.653%+$65 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.314%, 7d avg +0.258%

Together, before fees+0.688%+ Points / potential airdropHyperliquid: Season 2 · farm board+$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.057% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.258%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate 0G_USDT	0.2322	0.0100	pay 0.0100% / 8h	3h 34m	$600K	$152K	50x
Short	Hyperliquid 0G	0.2329	0.0588	get 0.0074% / 1h	34m 44s	$2.5M	$479K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.314%Rate

Funding earned: $102.5
Price spread: +0.314% → +0.258%: $5.66
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $84.17
Costs to cover: 0.240%
Break-even: 1.3 days

Slippage unknown: Gate: live order book, 16 min ago; Hyperliquid: live order book, 6 min ago. 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, 16 min ago	4.29 bp	356.6 bp −$357	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	2.14 bp	19.0 bp −$19	doesn't fit	doesn't fit	doesn't fit

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	−0.0720%	4h	0.2325	+0.129%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2324	+0.075%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0072%	4h	0.2334	+0.517%	$328K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2326	+0.172%	$16K	$41K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2326	+0.172%	$6.9M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2325	+0.129%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2328	+0.258%	$873K	$2.4M	20x	as long as short
Gate 0G_USDTlong	+0.0100%	8h	0.2322	long leg	$600K	$152K	50x
MEXC 0G_USDT	+0.0100%	4h	0.2326	+0.172%	$2.1M	$235K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2326	+0.172%	$1.9M	$826K	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	0.2326	+0.172%	$32K	$54K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2330	+0.327%	$13K	$4K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2332	+0.426%	$18K	$620K	50x	as long as short
KuCoin 0GUSDTM	+0.0252%	4h	0.2327	+0.202%	$2.3M	$2.4M	50x	as long as short
Hyperliquid 0Gshort	+0.0588%	1h	0.2329	+0.314%	$2.5M	$479K	3x
Lighter 0G	+0.1280%	1h	0.2331	+0.388%	$48K	$87K	3x	as long as short