Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0551%/8h= −60.3% APRpaid last 24h −0.179%

Price spread now: BloFin against Hyperliquid−0.009%47s7-day average −0.230% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$730.734% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.602%−$60 on $10k

Price spread, last 3 days (all we have)−0.276%−$28 · spread now −0.009%, 7d avg −0.230%

Together, before fees−0.879%+ Points / potential airdropHyperliquid: Season 2 · farm board−$88 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.221% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.230%): +$22 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 32 hours. The two prices were read 47 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	Hyperliquid 0G	0.2307	0.0603	pay 0.0075% / 1h	40m 19s	$2.4M	$519K	3x
Short	BloFin 0G-USDT	0.2307	0.0052	get 0.0026% / 4h	1h 40m	$326K	$9K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$115.68
Price spread: −0.009% → −0.230%: $22.11
Slippage, 4 orders: −$52.41
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$166.99
Costs to cover: 0.734%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 1 min ago; BloFin: live order book, 39 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, 1 min ago	1.95 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 39 min ago	2.15 bp	16.5 bp −$16	31.8 bp −$318	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	−0.0644%	4h	0.2303	−0.182%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2301	−0.252%	$2K	—	100x	as long as short
BloFin 0G-USDTshort	+0.0052%	4h	0.2307	−0.009%	$326K	$9K	50x
Aster 0GUSDT	+0.0100%	4h	0.2303	−0.201%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2303	−0.199%	$6.7M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2301	−0.269%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2306	−0.052%	$881K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2300	−0.312%	$592K	$162K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2302	−0.225%	$2.0M	$202K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2304	−0.139%	$1.8M	$656K	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	0.2304	−0.139%	$37K	$48K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2304	−0.150%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2303	−0.169%	$18K	$630K	50x	as long as short
KuCoin 0GUSDTM	+0.0130%	4h	0.2306	−0.069%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0Glong	+0.0603%	1h	0.2307	long leg	$2.4M	$519K	3x
Lighter 0G	+0.0776%	1h	0.2306	−0.052%	$44K	$100K	3x	as long as short