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 OKX+0.097%7-day average — · you sell dearer than you buy

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

Long on OKX 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

The price spread pays, funding is against you. GMX is 0.097% dearer against OKX than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX 0G-USDT-SWAP	0.2358	0.0100	pay 0.0050% / 4h	2h 17m	$881K	$2.3M	20x
Short	GMX 0G/USD [WBTC.b-USDC]	0.2360	L −0.0235% / S +0.0198%	pay 0.0025% / 1h	17m 04s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$62.61
Price spread: +0.097% → 0.000%: $9.67
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$74.94
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	4.30 bp	23.0 bp −$23	doesn't fit	doesn't fit	doesn't fit
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	0.2357	−0.042%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]short	L −0.0235% / S +0.0198%	1h	0.2360	+0.097%	$2K	—	100x
BloFin 0G-USDT	+0.0084%	4h	0.2366	+0.339%	$324K	$10K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2358	+0.017%	$17K	$44K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2358	0.000%	$7.0M	$8.4M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2355	−0.127%	$2.4M	$2.2M	50x	as long as short
OKX 0G-USDT-SWAPlong	+0.0100%	4h	0.2358	long leg	$881K	$2.3M	20x
Gate 0G_USDT	+0.0100%	8h	0.2361	+0.127%	$594K	$185K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2358	0.000%	$2.1M	$247K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2357	−0.042%	$1.9M	$823K	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	0.2359	+0.042%	$32K	$59K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2318	−1.692%	$14K	$6K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2350	−0.322%	$17K	$621K	50x	as long as short
KuCoin 0GUSDTM	+0.0130%	4h	0.2362	+0.170%	$2.3M	$2.3M	50x	as long as short
Hyperliquid 0G	+0.0666%	1h	0.2363	+0.204%	$2.5M	$453K	3x	as long as short
Lighter 0G	+0.1008%	1h	0.2366	+0.339%	$49K	$87K	3x	as long as short