0G

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0692%/8h= −75.8% APRnext payment −$0.87 per $10,000 · paid last 24h −0.138%

Price spread now: Backpack against Lighter−0.130%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 Backpack

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Backpack is 0.130% cheaper against Lighter than usual: you would sell low and buy high (−$13 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	0.2301	0.0792	pay 0.0099% / 1h	17m 29s	$44K	$100K	3x
Short	Backpack 0G_USDC_PERP	0.2298	0.0100	get 0.0013% / 1h	17m 29s	$37K	$48K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$145.32
Price spread: −0.130% → 0.000%: −$13.04
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$168.36
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 55 min ago; Backpack: 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, 55 min ago	10.78 bp	42.9 bp −$43	107.1 bp −$1,071	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: 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	−0.0652%	4h	0.2297	−0.174%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2296	−0.224%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0053%	4h	0.2299	−0.087%	$324K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2297	−0.186%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2297	−0.174%	$6.7M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2296	−0.217%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2300	−0.043%	$873K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2293	−0.348%	$591K	$164K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2297	−0.174%	$2.0M	$204K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2298	−0.130%	$1.8M	$657K	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_PERPshort	+0.0100%	1h	0.2298	−0.130%	$37K	$48K	5x
Variational Omni 0G	+0.0100%	4h	0.2298	−0.143%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2299	−0.087%	$18K	$630K	50x	as long as short
KuCoin 0GUSDTM	+0.0192%	4h	0.2298	−0.122%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0G	+0.0784%	1h	0.2300	−0.026%	$2.4M	$508K	3x	as long as short
Lighter 0Glong	+0.0792%	1h	0.2301	long leg	$44K	$100K	3x