Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.050%

Price spread now: Backpack against Variational Omni+0.061%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.061% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 0G	0.2378	0.0100	pay 0.0050% / 4h	2h 00m	$15K	$6K	—
Short	Backpack 0G_USDC_PERP	0.2379	0.0144	get 0.0018% / 1h	0m 51s	$31K	$59K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Variational Omni. 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 Variational OmnibpFee BackpackbpOrdersPrice spread, now +0.061%Rate

Funding earned: $9.24
Price spread: +0.061% → 0.000%: $6.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: $5.29
Costs to cover: 0.100%
Break-even: 3.0 days

Slippage unknown: Variational Omni: no order-book sample; Backpack: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

Variational Omni and Backpack: 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	−0.0604%	4h	0.2375	−0.108%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2377	−0.018%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0095%	4h	0.2380	+0.103%	$329K	$10K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2375	−0.089%	$17K	$44K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2376	−0.066%	$7.0M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2374	−0.150%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2376	−0.066%	$875K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2376	−0.066%	$597K	$191K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2377	−0.024%	$2.1M	$249K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2376	−0.057%	$2.3M	$2.3M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget 0GUSDT	+0.0100%	4h	0.2376	−0.066%	$2.0M	$833K	50x	as long as short
Variational Omni 0Glong	+0.0100%	4h	0.2378	long leg	$15K	$6K	—
ApeX Omni 0GUSDT	+0.0100%	1h	0.2376	−0.066%	$17K	$620K	50x	as long as short
Backpack 0G_USDC_PERPshort	+0.0144%	1h	0.2379	+0.061%	$31K	$59K	5x
Hyperliquid 0G	+0.0411%	1h	0.2379	+0.048%	$2.5M	$453K	3x	as long as short
Lighter 0G	+0.0944%	1h	0.2385	+0.313%	$49K	$87K	3x	as long as short