Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0836%/8h= +91.5% APRpaid last 24h +0.179%

Price spread now: Lighter against OKX0.000%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1521.516% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.493%+$49 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now 0.000%, 7d avg +0.007%

Together, before fees+0.571%+ Points / potential airdropLighter: Season 3 · farm board+$57 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.493% in total (about 25.7% 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	OKX 0G-USDT-SWAP	0.2326	0.0100	pay 0.0050% / 4h	51m 13s	$884K	$2.3M	20x
Short	Lighter 0G	0.2326	0.0936	get 0.0117% / 1h	51m 13s	$44K	$100K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $175.56
Price spread: 0.000% → +0.007%: −$0.68
Slippage, 4 orders: −$141.56
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $23.32
Costs to cover: 1.516%
Break-even: 6.1 days

Slippage from OKX: live order book, 6 min ago; Lighter: live order book, 8 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 OKX live order book, 6 min ago	4.31 bp	22.2 bp −$22	296.6 bp −$2,966	doesn't fit	doesn't fit
Sell Lighter live order book, 8 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	−0.0638%	4h	0.2322	−0.172%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2321	−0.236%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2320	−0.263%	$23K	$19K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2323	−0.132%	$6.8M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2322	−0.172%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAPlong	+0.0100%	4h	0.2326	long leg	$884K	$2.3M	20x
Gate 0G_USDT	+0.0100%	8h	0.2319	−0.301%	$598K	$162K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2321	−0.215%	$2.1M	$202K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2322	−0.172%	$1.8M	$665K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2316	−0.422%	$13K	$10K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni 0GUSDT	+0.0100%	1h	0.2320	−0.258%	$18K	$631K	50x	as long as short
BloFin 0G-USDT	+0.0147%	4h	0.2318	−0.344%	$324K	$9K	50x	as long as short
KuCoin 0GUSDTM	+0.0224%	4h	0.2323	−0.120%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0G	+0.0626%	1h	0.2326	−0.004%	$2.5M	$500K	3x	as long as short
Backpack 0G_USDC_PERP	+0.0856%	1h	0.2321	−0.215%	$38K	$47K	5x	as long as short
Lighter 0Gshort	+0.0936%	1h	0.2326	0.000%	$44K	$100K	3x