Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.084%

Price spread now: GMX against MEXC−0.202%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.202% cheaper against MEXC than usual: you would sell low and buy high (−$20 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	MEXC 0G_USDT	0.2367	0.0100	pay 0.0050% / 4h	2h 14m	$2.1M	$247K	50x
Short	GMX 0G/USD [WBTC.b-USDC]	0.2362	L −0.0235% / S +0.0198%	pay 0.0025% / 1h	14m 31s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.202%Rate

Funding earned: −$62.61
Price spread: −0.202% → 0.000%: −$20.15
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$98.76
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; GMX: 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	2.12 bp	8.4 bp −$8	26.4 bp −$264	172.5 bp −$17.3K	265.9 bp −$133.0K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0638%	4h	0.2366	−0.042%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]short	L −0.0235% / S +0.0198%	1h	0.2362	−0.202%	$2K	—	100x
BloFin 0G-USDT	+0.0074%	4h	0.2365	−0.084%	$324K	$10K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2364	−0.128%	$17K	$44K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2364	−0.127%	$7.0M	$8.5M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2361	−0.253%	$2.4M	$2.2M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2363	−0.169%	$881K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2363	−0.169%	$595K	$186K	50x	as long as short
MEXC 0G_USDTlong	+0.0100%	4h	0.2367	long leg	$2.1M	$247K	50x
Bitget 0GUSDT	+0.0100%	4h	0.2364	−0.127%	$1.9M	$826K	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	0.2364	−0.127%	$32K	$58K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2365	−0.101%	$15K	$6K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2357	−0.414%	$17K	$621K	50x	as long as short
KuCoin 0GUSDTM	+0.0118%	4h	0.2363	−0.152%	$2.3M	$2.3M	50x	as long as short
Hyperliquid 0G	+0.0605%	1h	0.2366	−0.042%	$2.5M	$454K	3x	as long as short
Lighter 0G	+0.0976%	1h	0.2370	+0.127%	$49K	$87K	3x	as long as short