Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0409%/8h= −44.8% APRpaid last 24h −0.134%

Price spread now: BingX against GMX−0.107%7-day average — · you buy dearer than you sell

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

Long on GMX Short on BingX

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

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and BingX is 0.107% cheaper against GMX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX 0G/USD [WBTC.b-USDC]	0.2314	L −0.0235% / S +0.0198%	get 0.0029% / 1h	23m 41s	$2K	—	100x
Short	BingX 0G-USDT	0.2312	−0.0644	pay 0.0322% / 4h	2h 23m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$85.9
Price spread: −0.107% → 0.000%: −$10.67
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$118.58
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: live order book, 12 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 12 min ago	6.45 bp	23.7 bp −$24	50.1 bp −$501	272.2 bp −$27.2K	doesn't fit

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-USDTshort	−0.0644%	4h	0.2312	−0.107%	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]long	L −0.0235% / S +0.0198%	1h	0.2314	long leg	$2K	—	100x
BloFin 0G-USDT	+0.0088%	4h	0.2316	+0.066%	$326K	$10K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2316	+0.063%	$16K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2315	+0.023%	$6.8M	$8.3M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2313	−0.064%	$2.4M	$2.2M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2313	−0.064%	$856K	$2.2M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2314	−0.020%	$585K	$180K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2314	−0.020%	$2.1M	$247K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2315	+0.023%	$1.9M	$802K	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	0.2317	+0.109%	$32K	$58K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2310	−0.210%	$14K	$6K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2308	−0.293%	$18K	$620K	50x	as long as short
KuCoin 0GUSDTM	+0.0118%	4h	0.2315	+0.036%	$2.3M	$2.3M	50x	as long as short
Hyperliquid 0G	+0.0741%	1h	0.2319	+0.217%	$2.5M	$450K	3x	as long as short
Lighter 0G	+0.1016%	1h	0.2319	+0.196%	$48K	$87K	3x	as long as short