Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0516%/8h= −56.5% APRpaid last 24h −0.179%

Price spread now: Aster against Lighter−0.204%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Aster

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 airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Aster is 0.204% cheaper against Lighter than usual: you would sell low and buy high (−$20 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	Lighter 0G	0.2332	0.0616	pay 0.0077% / 1h	8m 52s	$45K	$100K	3x
Short	Aster 0GUSDT	0.2327	0.0100	get 0.0050% / 4h	8m 52s	$23K	$22K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.204%Rate

Funding earned: −$108.36
Price spread: −0.204% → 0.000%: −$20.38
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$136.74
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 50 min ago; Aster: 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 Lighter live order book, 50 min ago	12.94 bp	49.2 bp −$49	120.2 bp −$1,202	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	−0.0708%	4h	0.2331	−0.043%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2327	−0.201%	$2K	—	100x	as long as short
Aster 0GUSDTshort	+0.0100%	4h	0.2327	−0.204%	$23K	$22K	5x
Binance 0GUSDT	+0.0100%	4h	0.2329	−0.117%	$6.8M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2330	−0.086%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2332	0.000%	$888K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2327	−0.214%	$600K	$172K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2328	−0.172%	$2.1M	$205K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2330	−0.086%	$1.9M	$718K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2329	−0.129%	$36K	$48K	5x	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	0.2324	−0.336%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2328	−0.172%	$18K	$630K	50x	as long as short
KuCoin 0GUSDTM	+0.0138%	4h	0.2331	−0.060%	$2.4M	$2.6M	50x	as long as short
BloFin 0G-USDT	+0.0148%	4h	0.2330	−0.086%	$326K	$9K	50x	as long as short
Hyperliquid 0G	+0.0553%	1h	0.2336	+0.180%	$2.5M	$500K	3x	as long as short
Lighter 0Glong	+0.0616%	1h	0.2332	long leg	$45K	$100K	3x