Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1500%/8h= +164.3% APRpaid last 24h +0.188%

Price spread now: Lighter against Gate+0.257%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$623as in the Funding arb table

Net, price: spread back to 7d avg − costs−$657as in the Price arb table

costs, in and out, $10k−$6736.730% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.501%+$50 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now +0.257%, 7d avg +0.102%

Together, before fees+0.663%+ Points / potential airdropLighter: Season 3 · farm board+$66 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Lighter is 0.156% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.102%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.501% in total (about 26.1% 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	Gate 0G_USDT	0.2331	0.0100	pay 0.0100% / 8h	5h 16m	$604K	$147K	50x
Short	Lighter 0G	0.2337	0.1600	get 0.0200% / 1h	16m 30s	$49K	$104K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.257%Rate

Funding earned: $315
Price spread: +0.257% → +0.102%: $15.57
Slippage, 4 orders: −$657.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$342.39
Costs to cover: 6.730%
Break-even: 14.6 days

Slippage from Gate: live order book, 45 min ago; Lighter: live order book, 19 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, 45 min ago	4.33 bp	291.4 bp −$291	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 19 min ago	10.74 bp	52.6 bp −$53	131.8 bp −$1,318	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	−0.0810%	4h	0.2331	0.000%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2330	−0.036%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0049%	4h	0.2334	+0.129%	$329K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2332	+0.048%	$16K	$43K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2332	+0.051%	$6.9M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2331	0.000%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2332	+0.043%	$900K	$2.3M	20x	as long as short
Gate 0G_USDTlong	+0.0100%	8h	0.2331	long leg	$604K	$147K	50x
MEXC 0G_USDT	+0.0100%	4h	0.2332	+0.043%	$2.0M	$194K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2332	+0.043%	$1.9M	$718K	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	0.2336	+0.196%	$13K	$3K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2334	+0.129%	$18K	$622K	50x	as long as short
KuCoin 0GUSDTM	+0.0116%	4h	0.2334	+0.137%	$2.4M	$2.4M	50x	as long as short
Backpack 0G_USDC_PERP	+0.0668%	1h	0.2333	+0.086%	$33K	$50K	5x	as long as short
Hyperliquid 0G	+0.0783%	1h	0.2336	+0.193%	$2.5M	$494K	3x	as long as short
Lighter 0Gshort	+0.1600%	1h	0.2337	+0.257%	$49K	$104K	3x