Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.040%

Price spread now: Backpack against MEXC+0.043%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Backpack is 0.043% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 0G_USDT	0.2316	0.0100	pay 0.0050% / 4h	30m 01s	$2.0M	$203K	50x
Short	Backpack 0G_USDC_PERP	0.2317	0.0224	get 0.0028% / 1h	30m 01s	$37K	$47K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.043%Rate

Funding earned: $26.05
Price spread: +0.043% → 0.000%: $4.32
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: $16.37
Costs to cover: 0.140%
Break-even: 2.6 days

Slippage unknown: MEXC: live order book, 2 min ago; Backpack: no order-book sample. 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 MEXC live order book, 2 min ago	2.16 bp	7.9 bp −$8	23.8 bp −$238	151.2 bp −$15.1K	235.4 bp −$117.7K
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: 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	−0.0652%	4h	0.2317	+0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2315	−0.031%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0099%	4h	0.2317	+0.043%	$326K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2315	−0.035%	$23K	$19K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2316	0.000%	$6.8M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2315	−0.043%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2318	+0.086%	$884K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2315	−0.043%	$598K	$168K	50x	as long as short
MEXC 0G_USDTlong	+0.0100%	4h	0.2316	long leg	$2.0M	$203K	50x
Bitget 0GUSDT	+0.0100%	4h	0.2318	+0.086%	$1.8M	$670K	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	0.2315	−0.055%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2318	+0.104%	$18K	$630K	50x	as long as short
KuCoin 0GUSDTM	+0.0160%	4h	0.2318	+0.086%	$2.4M	$2.6M	50x	as long as short
Backpack 0G_USDC_PERPshort	+0.0224%	1h	0.2317	+0.043%	$37K	$47K	5x
Hyperliquid 0G	+0.0620%	1h	0.2319	+0.142%	$2.5M	$498K	3x	as long as short
Lighter 0G	+0.0688%	1h	0.2320	+0.173%	$44K	$100K	3x	as long as short