Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0838%/8h= −91.8% APRpaid last 24h −0.186%

Price spread now: Bitget against Hyperliquid−0.134%7-day average −0.217% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$850.846% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.646%−$65 on $10k

Price spread, last 7 days−0.029%−$3 · spread now −0.134%, 7d avg −0.217%

Together, before fees−0.675%+ Points / potential airdropHyperliquid: Season 2 · farm board−$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.083% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.134% now, against its 7-day average of −0.217%): +$8 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.646% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid 0G	0.2314	0.0938	pay 0.0117% / 1h	32m 27s	$2.5M	$481K	3x
Short	Bitget 0GUSDT	0.2311	0.0100	get 0.0050% / 4h	32m 27s	$1.9M	$696K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$176
Price spread: −0.134% → −0.217%: $8.33
Slippage, 4 orders: −$63.58
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$252.25
Costs to cover: 0.846%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Bitget: live order book, 5 min ago.

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	2.16 bp	19.8 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.34 bp	20.7 bp −$21	57.4 bp −$574	doesn't fit	doesn't fit

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	−0.0788%	4h	0.2310	−0.177%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2305	−0.400%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0045%	4h	0.2308	−0.264%	$324K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2309	−0.200%	$16K	$43K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2312	−0.091%	$6.8M	$8.2M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2306	−0.350%	$2.3M	$2.1M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2311	−0.134%	$863K	$2.2M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2306	−0.350%	$591K	$148K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2312	−0.091%	$2.0M	$200K	50x	as long as short
Bitget 0GUSDTshort	+0.0100%	4h	0.2311	−0.134%	$1.9M	$696K	50x

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	0.2309	−0.220%	$31K	$54K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2299	−0.670%	$12K	$3K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2303	−0.480%	$18K	$621K	50x	as long as short
KuCoin 0GUSDTM	+0.0222%	4h	0.2310	−0.186%	$2.4M	$2.4M	50x	as long as short
Hyperliquid 0Glong	+0.0938%	1h	0.2314	long leg	$2.5M	$481K	3x
Lighter 0G	+0.1456%	1h	0.2315	+0.039%	$48K	$98K	3x	as long as short