Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against MEXC−0.151%51s7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$770.772% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.285%+$29 · spread now −0.151%, 7d avg +0.036%

Together, before fees+0.258%+$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.187% cheaper against MEXC than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.036%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 0G_USDT	0.2325	0.0100	pay 0.0050% / 4h	1h 32m	$2.0M	$193K	50x
Short	ApeX Omni 0GUSDT	0.2321	0.0100	get 0.0013% / 1h	32m 43s	$18K	$624K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.151%Rate

Funding earned: $0
Price spread: −0.151% → +0.036%: −$18.7
Slippage, 4 orders: −$63.22
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$95.92
Costs to cover: 0.772%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; ApeX Omni: live order book, 30 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 MEXC live order book, 4 min ago	2.16 bp	10.3 bp −$10	29.6 bp −$296	170.0 bp −$17.0K	247.0 bp −$123.5K
Sell ApeX Omni live order book, 30 min ago	10.81 bp	29.7 bp −$30	doesn't fit	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	−0.1078%	4h	0.2326	+0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2322	−0.121%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2324	−0.053%	$17K	$41K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2326	+0.043%	$6.8M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2324	−0.043%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2328	+0.129%	$897K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2323	−0.086%	$601K	$146K	50x	as long as short
MEXC 0G_USDTlong	+0.0100%	4h	0.2325	long leg	$2.0M	$193K	50x
KuCoin 0GUSDTM	+0.0100%	4h	0.2327	+0.077%	$2.4M	$2.4M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2326	+0.043%	$1.9M	$727K	50x	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	0.2319	−0.278%	$13K	$3K	—	as long as short
ApeX Omni 0GUSDTshort	+0.0100%	1h	0.2321	−0.151%	$18K	$624K	50x
BloFin 0G-USDT	+0.0131%	4h	0.2319	−0.258%	$327K	$9K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0490%	1h	0.2327	+0.086%	$31K	$50K	5x	as long as short
Hyperliquid 0G	+0.1038%	1h	0.2329	+0.163%	$2.5M	$502K	3x	as long as short
Lighter 0G	+0.1648%	1h	0.2331	+0.258%	$49K	$104K	3x	as long as short