Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1372%/8h= −150.2% APRpaid last 24h −0.444%

Price spread now: BingX against Lighter−0.128%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$461as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1461.457% of the position

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−3.151%−$315 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.128%, 7d avg −0.026%

Together, before fees−3.127%+ Points / potential airdropLighter: Season 3 · farm board−$313 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and BingX is 0.103% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 0G	0.2337	0.0640	pay 0.0080% / 1h	5m 50s	$45K	$100K	3x
Short	BingX 0G-USDT	0.2334	−0.0732	pay 0.0366% / 4h	5m 50s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$288.12
Price spread: −0.128% → −0.026%: −$10.27
Slippage, 4 orders: −$135.71
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$444.1
Costs to cover: 1.457%
Break-even: never at this rate

Slippage from Lighter: live order book, 53 min ago; BingX: live order book, 5 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	12.94 bp	49.2 bp −$49	120.2 bp −$1,202	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	6.45 bp	20.3 bp −$20	45.7 bp −$457	286.7 bp −$28.7K	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-USDTshort	−0.0732%	4h	0.2334	−0.128%	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2331	−0.241%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0050%	4h	0.2330	−0.300%	$326K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2332	−0.203%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2334	−0.143%	$6.8M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2332	−0.214%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2333	−0.171%	$889K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2334	−0.128%	$602K	$172K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2333	−0.171%	$2.1M	$205K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2335	−0.086%	$1.9M	$719K	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	0.2334	−0.128%	$37K	$47K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2330	−0.292%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2330	−0.291%	$18K	$631K	50x	as long as short
KuCoin 0GUSDTM	+0.0140%	4h	0.2334	−0.133%	$2.4M	$2.5M	50x	as long as short
Hyperliquid 0G	+0.0523%	1h	0.2337	−0.009%	$2.5M	$500K	3x	as long as short
Lighter 0Glong	+0.0640%	1h	0.2337	long leg	$45K	$100K	3x