Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0491%/8h= +53.8% APRpaid last 24h +0.182%

Price spread now: Hyperliquid against Variational Omni+0.323%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 Hyperliquid

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—+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.323% dearer against Variational Omni than usual: you sell high and buy low: +$32 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	0.2299	0.0100	pay 0.0050% / 4h	1h 40m	$12K	$10K	—
Short	Hyperliquid 0G	0.2307	0.0591	get 0.0074% / 1h	40m 53s	$2.4M	$519K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpOrdersPrice spread, now +0.323%Rate

Funding earned: $103.09
Price spread: +0.323% → 0.000%: $32.26
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $126.36
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 10 min ago. 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 Hyperliquid live order book, 10 min ago	1.30 bp	21.8 bp −$22	doesn't fit	doesn't fit	doesn't fit

Variational Omni: 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	−0.0644%	4h	0.2302	+0.118%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2303	+0.169%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0052%	4h	0.2307	+0.336%	$326K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2303	+0.157%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2302	+0.118%	$6.7M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2301	+0.075%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2304	+0.205%	$880K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2300	+0.031%	$592K	$162K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2302	+0.118%	$2.0M	$202K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2304	+0.205%	$1.8M	$656K	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	0.2304	+0.205%	$37K	$48K	5x	as long as short
Variational Omni 0Glong	+0.0100%	4h	0.2299	long leg	$12K	$10K	—
ApeX Omni 0GUSDT	+0.0100%	1h	0.2303	+0.175%	$18K	$630K	50x	as long as short
KuCoin 0GUSDTM	+0.0132%	4h	0.2306	+0.275%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0Gshort	+0.0591%	1h	0.2307	+0.323%	$2.4M	$519K	3x
Lighter 0G	+0.0776%	1h	0.2306	+0.292%	$44K	$100K	3x	as long as short