Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.094%

Price spread now: GMX against KuCoin−0.213%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on GMX

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 against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.213% cheaper against KuCoin than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 0GUSDTM	0.2316	0.0100	pay 0.0050% / 4h	2h 12m	$2.4M	$2.6M	50x
Short	GMX 0G/USD [WBTC.b-USDC]	0.2311	L −0.0235% / S +0.0198%	pay 0.0025% / 1h	12m 29s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now −0.213%Rate

Funding earned: −$62.61
Price spread: −0.213% → 0.000%: −$21.29
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$107.89
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; GMX: 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 KuCoin live order book, 4 min ago	4.52 bp	27.4 bp −$27	501.4 bp −$5,014	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0574%	4h	0.2313	−0.134%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]short	L −0.0235% / S +0.0198%	1h	0.2311	−0.213%	$2K	—	100x
Aster 0GUSDT	+0.0100%	4h	0.2315	−0.068%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2313	−0.151%	$6.8M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2311	−0.220%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2314	−0.091%	$885K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2309	−0.307%	$595K	$163K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2312	−0.177%	$2.0M	$204K	50x	as long as short
KuCoin 0GUSDTMlong	+0.0100%	4h	0.2316	long leg	$2.4M	$2.6M	50x
Bitget 0GUSDT	+0.0100%	4h	0.2313	−0.134%	$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
Variational Omni 0G	+0.0100%	4h	0.2317	+0.034%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2319	+0.147%	$18K	$631K	50x	as long as short
BloFin 0G-USDT	+0.0112%	4h	0.2319	+0.125%	$329K	$9K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0177%	1h	0.2314	−0.091%	$37K	$49K	5x	as long as short
Hyperliquid 0G	+0.0255%	1h	0.2315	−0.047%	$2.5M	$521K	3x	as long as short
Lighter 0G	+0.0624%	1h	0.2318	+0.082%	$44K	$101K	3x	as long as short