Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against GMX+0.079%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 MEXC

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 MEXC is 0.079% dearer against GMX than usual: you sell high and buy low: +$8 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]	0.2323	L −0.0235% / S +0.0198%	get 0.0029% / 1h	49m 22s	$2K	—	100x
Short	MEXC 0G_USDT	0.2325	0.0100	get 0.0050% / 4h	49m 22s	$2.1M	$202K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.079%Rate

Funding earned: $70.34
Price spread: +0.079% → 0.000%: $7.88
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: $62.21
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	2.15 bp	7.4 bp −$7	27.4 bp −$274	155.0 bp −$15.5K	253.8 bp −$126.9K

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	−0.0638%	4h	0.2326	+0.122%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]long	L −0.0235% / S +0.0198%	1h	0.2323	long leg	$2K	—	100x
Aster 0GUSDT	+0.0100%	4h	0.2324	+0.032%	$23K	$19K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2324	+0.028%	$6.8M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2323	−0.007%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2324	+0.036%	$884K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2324	+0.036%	$599K	$162K	50x	as long as short
MEXC 0G_USDTshort	+0.0100%	4h	0.2325	+0.079%	$2.1M	$202K	50x
Bitget 0GUSDT	+0.0100%	4h	0.2324	+0.036%	$1.8M	$665K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2321	−0.106%	$13K	$10K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni 0GUSDT	+0.0100%	1h	0.2323	−0.012%	$18K	$631K	50x	as long as short
BloFin 0G-USDT	+0.0147%	4h	0.2318	−0.223%	$324K	$9K	50x	as long as short
KuCoin 0GUSDTM	+0.0226%	4h	0.2329	+0.229%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0G	+0.0629%	1h	0.2329	+0.260%	$2.5M	$500K	3x	as long as short
Backpack 0G_USDC_PERP	+0.0803%	1h	0.2325	+0.079%	$38K	$47K	5x	as long as short
Lighter 0G	+0.0920%	1h	0.2329	+0.251%	$45K	$100K	3x	as long as short