Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0508%/8h= −55.6% APRpaid last 24h −0.180%

Price spread now: Binance against Lighter−0.129%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1151.149% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.465%−$46 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.129%, 7d avg −0.055%

Together, before fees−0.444%+ Points / potential airdropLighter: Season 3 · farm board−$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Binance is 0.074% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 0G	0.2324	0.0608	pay 0.0076% / 1h	28m 02s	$44K	$101K	3x
Short	Binance 0GUSDT	0.2321	0.0100	get 0.0050% / 4h	2h 28m	$6.8M	$8.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.129%Rate

Funding earned: −$106.68
Price spread: −0.129% → −0.055%: −$7.39
Slippage, 4 orders: −$104.91
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$228.98
Costs to cover: 1.149%
Break-even: never at this rate

Slippage from Lighter: live order book, 53 min ago; Binance: live order book, 11 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 Lighter live order book, 53 min ago	10.77 bp	42.0 bp −$42	121.0 bp −$1,210	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	2.16 bp	20.6 bp −$21	49.1 bp −$491	812.7 bp −$81.3K	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	−0.0508%	4h	0.2321	−0.129%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2320	−0.181%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0056%	4h	0.2319	−0.215%	$329K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2318	−0.245%	$23K	$22K	5x	as long as short
Binance 0GUSDTshort	+0.0100%	4h	0.2321	−0.129%	$6.8M	$8.9M	50x
Bybit 0GUSDT	+0.0100%	4h	0.2319	−0.215%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2321	−0.129%	$890K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2316	−0.344%	$596K	$163K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2320	−0.172%	$2.0M	$203K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2320	−0.176%	$2.4M	$2.6M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget 0GUSDT	+0.0100%	4h	0.2318	−0.258%	$1.8M	$654K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2317	−0.284%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2319	−0.237%	$18K	$632K	50x	as long as short
Hyperliquid 0G	+0.0173%	1h	0.2325	+0.039%	$2.5M	$522K	3x	as long as short
Backpack 0G_USDC_PERP	+0.0284%	1h	0.2321	−0.129%	$38K	$49K	5x	as long as short
Lighter 0Glong	+0.0608%	1h	0.2324	long leg	$44K	$101K	3x