Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0604%/8h= −66.1% APRpaid last 24h −0.183%

Price spread now: KuCoin against Lighter−0.177%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.554%−$55 on $10k

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 −$18 a day on $10k at the current rate, and KuCoin is 0.177% cheaper against Lighter than usual: you would sell low and buy high (−$18 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	0.2374	0.0704	pay 0.0088% / 1h	1m 00s	$49K	$87K	3x
Short	KuCoin 0GUSDTM	0.2370	0.0100	get 0.0050% / 4h	3h 01m	$2.2M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.177%Rate

Funding earned: −$126.84
Price spread: −0.177% → 0.000%: −$17.69
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$156.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 5 min ago. 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 no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	3.15 bp	29.1 bp −$29	460.9 bp −$4,609	doesn't fit	doesn't fit

Lighter: 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	−0.0362%	4h	0.2368	−0.253%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2368	−0.241%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2370	−0.160%	$17K	$50K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2370	−0.168%	$7.0M	$8.2M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2367	−0.295%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2369	−0.211%	$873K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2368	−0.253%	$602K	$215K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2369	−0.211%	$2.1M	$252K	50x	as long as short
KuCoin 0GUSDTMshort	+0.0100%	4h	0.2370	−0.177%	$2.2M	$2.2M	50x
Bitget 0GUSDT	+0.0100%	4h	0.2371	−0.126%	$2.0M	$788K	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	0.2368	−0.253%	$32K	$60K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2380	+0.257%	$15K	$8K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2372	−0.080%	$18K	$624K	50x	as long as short
BloFin 0G-USDT	+0.0113%	4h	0.2372	−0.084%	$328K	$16K	50x	as long as short
Hyperliquid 0G	+0.0247%	1h	0.2372	−0.093%	$2.5M	$433K	3x	as long as short
Lighter 0Glong	+0.0704%	1h	0.2374	long leg	$49K	$87K	3x