0G

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0749%/8h= −82.0% APRnext payment −$0.94 per $10,000 · paid last 24h −0.143%

Price spread now: Backpack against Hyperliquid+0.022%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Backpack is 0.022% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid 0G	0.2314	0.0849	pay 0.0106% / 1h	51m 40s	$2.5M	$519K	3x
Short	Backpack 0G_USDC_PERP	0.2315	0.0100	get 0.0013% / 1h	51m 40s	$31K	$52K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Hyperliquid. 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 HyperliquidbpFee BackpackbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$157.27
Price spread: +0.022% → 0.000%: $2.16
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$174.11
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 9 min ago; Backpack: no order-book sample. 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 Hyperliquid live order book, 9 min ago	1.72 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: 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	−0.1780%	4h	0.2312	−0.108%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2312	−0.108%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0052%	4h	0.2294	−0.886%	$328K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2312	−0.090%	$20K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2312	−0.108%	$6.8M	$9.4M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2312	−0.108%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2312	−0.108%	$896K	$2.5M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2311	−0.151%	$597K	$159K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2310	−0.194%	$2.1M	$196K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2313	−0.078%	$2.4M	$2.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget 0GUSDT	+0.0100%	4h	0.2313	−0.065%	$1.9M	$772K	50x	as long as short
Backpack 0G_USDC_PERPshort	+0.0100%	1h	0.2315	+0.022%	$31K	$52K	5x
Variational Omni 0G	+0.0100%	4h	0.2305	−0.404%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2308	−0.281%	$18K	$631K	50x	as long as short
Lighter 0G	+0.0224%	1h	0.2314	−0.022%	$44K	$100K	3x	as long as short
Hyperliquid 0Glong	+0.0849%	1h	0.2314	long leg	$2.5M	$519K	3x