Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0724%/8h= +79.3% APRpaid last 24h +0.179%

Price spread now: Lighter against MEXC+0.129%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1231.230% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.479%+$48 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.129%, 7d avg +0.095%

Together, before fees+0.502%+ Points / potential airdropLighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Lighter is 0.035% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.095%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.479% in total (about 25.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 0G_USDT	0.2324	0.0100	pay 0.0050% / 4h	47m 57s	$2.1M	$202K	50x
Short	Lighter 0G	0.2327	0.0824	get 0.0103% / 1h	47m 57s	$44K	$100K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.129%Rate

Funding earned: $152.04
Price spread: +0.129% → +0.095%: $3.45
Slippage, 4 orders: −$118.97
Fee MEXC: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $32.52
Costs to cover: 1.230%
Break-even: 5.5 days

Slippage from MEXC: live order book, 4 min ago; Lighter: live order book, 11 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	2.15 bp	9.0 bp −$9	24.5 bp −$245	159.7 bp −$16.0K	276.8 bp −$138.4K
Sell Lighter live order book, 11 min ago	12.94 bp	57.3 bp −$57	138.8 bp −$1,388	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	−0.0641%	4h	0.2324	0.000%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2322	−0.099%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0079%	4h	0.2326	+0.086%	$325K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2323	−0.030%	$23K	$19K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2324	+0.018%	$6.8M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2323	−0.043%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2325	+0.043%	$884K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2323	−0.043%	$599K	$162K	50x	as long as short
MEXC 0G_USDTlong	+0.0100%	4h	0.2324	long leg	$2.1M	$202K	50x
Bitget 0GUSDT	+0.0100%	4h	0.2323	−0.043%	$1.8M	$665K	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	0.2321	−0.142%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2323	−0.047%	$18K	$631K	50x	as long as short
KuCoin 0GUSDTM	+0.0224%	4h	0.2326	+0.095%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0G	+0.0610%	1h	0.2327	+0.116%	$2.5M	$500K	3x	as long as short
Backpack 0G_USDC_PERP	+0.0740%	1h	0.2324	0.000%	$38K	$47K	5x	as long as short
Lighter 0Gshort	+0.0824%	1h	0.2327	+0.129%	$44K	$100K	3x