Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against OKX−0.042%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$700.695% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.037%−$4 · spread now −0.042%, 7d avg −0.063%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.020% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX 0G-USDT-SWAP	0.2361	0.0100	pay 0.0050% / 4h	3h 49m	$874K	$2.4M	20x
Short	MEXC 0G_USDT	0.2360	0.0100	get 0.0050% / 4h	3h 49m	$2.1M	$249K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → −0.063%: $2.04
Slippage, 4 orders: −$55.53
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$67.49
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; MEXC: 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 OKX live order book, 2 min ago	4.23 bp	27.4 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.12 bp	8.6 bp −$9	32.0 bp −$320	166.7 bp −$16.7K	259.0 bp −$129.5K

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	−0.0392%	4h	0.2361	0.000%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2358	−0.107%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2361	+0.011%	$16K	$49K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2361	+0.006%	$7.0M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2359	−0.085%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAPlong	+0.0100%	4h	0.2361	long leg	$874K	$2.4M	20x
Gate 0G_USDT	+0.0100%	8h	0.2360	−0.042%	$601K	$210K	50x	as long as short
MEXC 0G_USDTshort	+0.0100%	4h	0.2360	−0.042%	$2.1M	$249K	50x
KuCoin 0GUSDTM	+0.0100%	4h	0.2361	−0.008%	$2.2M	$2.2M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2361	0.000%	$1.9M	$816K	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	−0.085%	$34K	$62K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2362	+0.026%	$15K	$7K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2361	0.000%	$18K	$627K	50x	as long as short
BloFin 0G-USDT	+0.0100%	4h	0.2360	−0.042%	$328K	$10K	50x	as long as short
Hyperliquid 0G	+0.0296%	1h	0.2365	+0.178%	$2.5M	$437K	3x	as long as short
Lighter 0G	+0.0680%	1h	0.2365	+0.169%	$49K	$87K	3x	as long as short