Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h −0.182%

Price spread now: OKX against Lighter−0.127%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1491.486% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.500%−$50 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.127%, 7d avg −0.009%

Together, before fees−0.448%+ Points / potential airdropLighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and OKX is 0.118% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 0G	0.2355	0.0480	pay 0.0060% / 1h	9m 04s	$45K	$100K	3x
Short	OKX 0G-USDT-SWAP	0.2352	0.0100	get 0.0050% / 4h	3h 09m	$901K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$79.8
Price spread: −0.127% → −0.009%: −$11.81
Slippage, 4 orders: −$138.61
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$240.22
Costs to cover: 1.486%
Break-even: never at this rate

Slippage from Lighter: live order book, 42 min ago; OKX: live order book, 3 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, 42 min ago	10.69 bp	47.5 bp −$48	122.2 bp −$1,222	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.12 bp	25.7 bp −$26	84.3 bp −$843	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	−0.1534%	4h	0.2351	−0.170%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2351	−0.174%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0070%	4h	0.2355	0.000%	$330K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2351	−0.167%	$20K	$30K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2352	−0.127%	$6.9M	$9.2M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2351	−0.170%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAPshort	+0.0100%	4h	0.2352	−0.127%	$901K	$2.4M	20x
Gate 0G_USDT	+0.0100%	8h	0.2351	−0.170%	$608K	$172K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2351	−0.170%	$2.1M	$205K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2354	−0.038%	$2.5M	$2.5M	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	0.2353	−0.085%	$1.9M	$747K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2352	−0.127%	$35K	$48K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2351	−0.186%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2351	−0.178%	$18K	$630K	50x	as long as short
Lighter 0Glong	+0.0480%	1h	0.2355	long leg	$45K	$100K	3x
Hyperliquid 0G	+0.0901%	1h	0.2358	+0.123%	$2.5M	$513K	3x	as long as short