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: Gate against Hyperliquid−0.350%7-day average −0.258% · you buy dearer than you sell

Net, funding: paid 7d − costs−$652as in the Funding arb table

Net, price: spread back to 7d avg − costs−$597as in the Price arb table

costs, in and out, $10k−$5885.876% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.350%, 7d avg −0.258%

Together, before fees−0.697%+ Points / potential airdropHyperliquid: Season 2 · farm board−$70 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Gate is 0.092% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.258%). Swap the legs.

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 15s	$2.5M	$481K	3x
Short	Gate 0G_USDT	0.2306	0.0100	get 0.0100% / 8h	4h 32m	$591K	$148K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.350%Rate

Funding earned: −$176
Price spread: −0.350% → −0.258%: −$9.22
Slippage, 4 orders: −$563.64
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$772.86
Costs to cover: 5.876%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Gate: live order book, 24 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 Gate live order book, 24 min ago	4.31 bp	289.8 bp −$290	doesn't fit	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	0.2308	−0.272%	$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	0.2310	−0.192%	$16K	$43K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2312	−0.104%	$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_USDTshort	+0.0100%	8h	0.2306	−0.350%	$591K	$148K	50x
MEXC 0G_USDT	+0.0100%	4h	0.2310	−0.177%	$2.0M	$200K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2311	−0.134%	$1.9M	$696K	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	0.2309	−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	0.2311	−0.125%	$2.4M	$2.4M	50x	as long as short
Hyperliquid 0Glong	+0.0938%	1h	0.2314	long leg	$2.5M	$481K	3x
Lighter 0G	+0.1480%	1h	0.2315	+0.039%	$48K	$98K	3x	as long as short