Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0699%/8h= +76.5% APRpaid last 24h +0.177%

Price spread now: Hyperliquid against MEXC+0.329%7-day average +0.253% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.616%+$62 on $10k

Price spread, last 7 days−0.142%−$14 · spread now +0.329%, 7d avg +0.253%

Together, before fees+0.474%+ Points / potential airdropHyperliquid: Season 2 · farm board+$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.076% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.253%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 0G_USDT	0.2333	0.0100	pay 0.0050% / 4h	3h 18m	$2.1M	$204K	50x
Short	Hyperliquid 0G	0.2341	0.0799	get 0.0100% / 1h	18m 42s	$2.5M	$511K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.329%Rate

Funding earned: $146.77
Price spread: +0.329% → +0.253%: $7.57
Slippage, 4 orders: −$48.2
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $93.14
Costs to cover: 0.612%
Break-even: 2.6 days

Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 2 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, 3 min ago	2.13 bp	9.1 bp −$9	31.9 bp −$319	164.7 bp −$16.5K	265.1 bp −$132.6K
Sell Hyperliquid live order book, 2 min ago	2.34 bp	18.7 bp −$19	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	−0.1346%	4h	0.2331	−0.086%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2336	+0.144%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2335	+0.099%	$20K	$30K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2333	0.000%	$6.9M	$9.2M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2332	−0.043%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2333	0.000%	$872K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2335	+0.086%	$603K	$171K	50x	as long as short
MEXC 0G_USDTlong	+0.0100%	4h	0.2333	long leg	$2.1M	$204K	50x
KuCoin 0GUSDTM	+0.0100%	4h	0.2337	+0.180%	$2.4M	$2.5M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2334	+0.043%	$1.9M	$751K	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	0.2336	+0.129%	$35K	$48K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2343	+0.433%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2346	+0.557%	$18K	$630K	50x	as long as short
BloFin 0G-USDT	+0.0130%	4h	0.2343	+0.429%	$329K	$9K	50x	as long as short
Lighter 0G	+0.0424%	1h	0.2338	+0.214%	$45K	$100K	3x	as long as short
Hyperliquid 0Gshort	+0.0799%	1h	0.2341	+0.329%	$2.5M	$511K	3x