Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against MEXC−0.130%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$372as in the Funding arb table

Net, price: spread back to 7d avg − costs−$385as in the Price arb table

costs, in and out, $10k−$3723.725% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.130%, 7d avg −0.003%

Together, before fees+0.038%+$4 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: Gate is 0.127% cheaper against MEXC than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 0G_USDT	0.2301	0.0100	pay 0.0050% / 4h	1h 10m	$2.0M	$204K	50x
Short	Gate 0G_USDT	0.2298	0.0100	get 0.0100% / 8h	1h 10m	$592K	$165K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.130%Rate

Funding earned: $0
Price spread: −0.130% → −0.003%: −$12.74
Slippage, 4 orders: −$353.46
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$385.2
Costs to cover: 3.725%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Gate: live order book, 5 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, 1 min ago	2.17 bp	7.5 bp −$8	28.6 bp −$286	173.6 bp −$17.4K	242.3 bp −$121.2K
Sell Gate live order book, 5 min ago	4.35 bp	154.7 bp −$155	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	−0.0650%	4h	0.2300	−0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2299	−0.096%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2302	+0.029%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2300	−0.024%	$6.7M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2299	−0.087%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2300	−0.043%	$872K	$2.3M	20x	as long as short
Gate 0G_USDTshort	+0.0100%	8h	0.2298	−0.130%	$592K	$165K	50x
MEXC 0G_USDTlong	+0.0100%	4h	0.2301	long leg	$2.0M	$204K	50x
Bitget 0GUSDT	+0.0100%	4h	0.2301	0.000%	$1.8M	$657K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2300	−0.043%	$37K	$48K	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	0.2295	−0.251%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2302	+0.043%	$18K	$630K	50x	as long as short
BloFin 0G-USDT	+0.0101%	4h	0.2301	0.000%	$323K	$9K	50x	as long as short
KuCoin 0GUSDTM	+0.0182%	4h	0.2301	−0.017%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0G	+0.0730%	1h	0.2303	+0.109%	$2.4M	$509K	3x	as long as short
Lighter 0G	+0.0792%	1h	0.2305	+0.174%	$44K	$100K	3x	as long as short