Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0548%/8h= −60.0% APRpaid last 24h −0.179%

Price spread now: Bitget against Lighter−0.214%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1551.551% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.478%−$48 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.214%, 7d avg −0.050%

Together, before fees−0.381%+ Points / potential airdropLighter: Season 3 · farm board−$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bitget is 0.164% cheaper against Lighter than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 0G	0.2340	0.0648	pay 0.0081% / 1h	8m 12s	$45K	$100K	3x
Short	Bitget 0GUSDT	0.2335	0.0100	get 0.0050% / 4h	8m 12s	$1.9M	$718K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.214%Rate

Funding earned: −$115.08
Price spread: −0.214% → −0.050%: −$16.38
Slippage, 4 orders: −$143.14
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$286.6
Costs to cover: 1.551%
Break-even: never at this rate

Slippage from Lighter: live order book, 51 min ago; Bitget: live order book, 4 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, 51 min ago	12.94 bp	49.2 bp −$49	120.2 bp −$1,202	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.15 bp	17.9 bp −$18	54.8 bp −$548	doesn't fit	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	−0.0708%	4h	0.2336	−0.171%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2335	−0.212%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2334	−0.277%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2336	−0.171%	$6.8M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2336	−0.171%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2336	−0.171%	$891K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2333	−0.299%	$602K	$172K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2336	−0.171%	$2.1M	$205K	50x	as long as short
Bitget 0GUSDTshort	+0.0100%	4h	0.2335	−0.214%	$1.9M	$718K	50x
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2337	−0.128%	$37K	$47K	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	−0.677%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2328	−0.513%	$18K	$630K	50x	as long as short
KuCoin 0GUSDTM	+0.0146%	4h	0.2338	−0.081%	$2.4M	$2.5M	50x	as long as short
BloFin 0G-USDT	+0.0148%	4h	0.2330	−0.427%	$326K	$9K	50x	as long as short
Hyperliquid 0G	+0.0549%	1h	0.2340	−0.013%	$2.5M	$500K	3x	as long as short
Lighter 0Glong	+0.0648%	1h	0.2340	long leg	$45K	$100K	3x