Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0381%/8h= +41.7% APRpaid last 24h +0.100%

Price spread now: BloFin against GMX+0.183%51s7-day average — · you sell dearer than you buy

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

Long on GMX Short on BloFin

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 for this trade now. Funding pays +$11 a day on $10k at the current rate, and BloFin is 0.183% dearer against GMX than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX 0G/USD [WBTC.b-USDC]	0.2300	L −0.0235% / S +0.0198%	get 0.0029% / 1h	45m 49s	$2K	—	100x
Short	BloFin 0G-USDT	0.2304	0.0146	get 0.0073% / 4h	45m 49s	$326K	$9K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.183%Rate

Funding earned: $80.02
Price spread: +0.183% → 0.000%: $18.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $74.37
Costs to cover: 0.240%
Break-even: 0.5 days

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 54 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 BloFin live order book, 54 min ago	2.16 bp	8.3 bp −$8	23.0 bp −$230	220.5 bp −$22.0K	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-USDT	−0.0750%	4h	0.2300	+0.010%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]long	L −0.0235% / S +0.0198%	1h	0.2300	long leg	$2K	—	100x
Aster 0GUSDT	+0.0100%	4h	0.2301	+0.043%	$16K	$43K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2298	−0.077%	$6.8M	$8.2M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2295	−0.208%	$2.3M	$2.2M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2299	−0.034%	$882K	$2.2M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2300	+0.010%	$590K	$148K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2301	+0.053%	$2.0M	$197K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2297	−0.121%	$1.9M	$702K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2303	+0.140%	$31K	$54K	5x	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	0.2299	−0.031%	$12K	$3K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2302	+0.083%	$18K	$622K	50x	as long as short
BloFin 0G-USDTshort	+0.0146%	4h	0.2304	+0.183%	$326K	$9K	50x
KuCoin 0GUSDTM	+0.0160%	4h	0.2303	+0.123%	$2.4M	$2.4M	50x	as long as short
Hyperliquid 0G	+0.1012%	1h	0.2301	+0.031%	$2.5M	$483K	3x	as long as short
Lighter 0G	+0.1504%	1h	0.2303	+0.140%	$48K	$98K	3x	as long as short