Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h +0.095%

Price spread now: Bybit against GMX+0.029%7-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 Bybit

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 +$10 a day on $10k at the current rate, and Bybit is 0.029% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX 0G/USD [WBTC.b-USDC]	0.2339	L −0.0235% / S +0.0198%	get 0.0029% / 1h	12m 21s	$2K	—	100x
Short	Bybit 0GUSDT	0.2340	0.0100	get 0.0050% / 4h	3h 12m	$2.4M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.029%Rate

Funding earned: $70.34
Price spread: +0.029% → 0.000%: $2.86
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $50.2
Costs to cover: 0.230%
Break-even: 2.0 days

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	6.40 bp	29.3 bp −$29	226.0 bp −$2,260	doesn't fit	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	−0.0644%	4h	0.2340	+0.029%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]long	L −0.0235% / S +0.0198%	1h	0.2339	long leg	$2K	—	100x
BloFin 0G-USDT	+0.0075%	4h	0.2342	+0.114%	$328K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2340	+0.048%	$17K	$41K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2341	+0.071%	$6.9M	$8.5M	50x	as long as short
Bybit 0GUSDTshort	+0.0100%	4h	0.2340	+0.029%	$2.4M	$2.2M	50x
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2342	+0.114%	$876K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2341	+0.071%	$606K	$155K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2341	+0.071%	$2.1M	$239K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2342	+0.114%	$1.9M	$801K	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	0.2344	+0.200%	$32K	$54K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2341	+0.075%	$14K	$5K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2343	+0.170%	$18K	$621K	50x	as long as short
KuCoin 0GUSDTM	+0.0236%	4h	0.2342	+0.106%	$2.3M	$2.3M	50x	as long as short
Hyperliquid 0G	+0.0559%	1h	0.2345	+0.247%	$2.5M	$465K	3x	as long as short
Lighter 0G	+0.1328%	1h	0.2348	+0.371%	$49K	$87K	3x	as long as short