Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0564%/8h= −61.8% APRpaid last 24h −0.229%

Price spread now: BingX against ApeX Omni−0.063%53s7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$373as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1000.999% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−2.735%−$273 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.063%, 7d avg +0.022%

Together, before fees−2.589%−$259 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and BingX is 0.086% cheaper against ApeX Omni than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.022%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 0GUSDT	0.2367	0.0100	pay 0.0013% / 1h	0m 42s	$17K	$625K	50x
Short	BingX 0G-USDT	0.2366	−0.0464	pay 0.0232% / 4h	1h 00m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$118.44
Price spread: −0.063% → +0.022%: −$8.56
Slippage, 4 orders: −$79.91
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$226.91
Costs to cover: 0.999%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 42 min ago; BingX: live order book, 5 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 ApeX Omni live order book, 42 min ago	8.48 bp	31.3 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	6.34 bp	20.4 bp −$20	44.7 bp −$447	255.0 bp −$25.5K	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-USDTshort	−0.0464%	4h	0.2366	−0.063%	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2364	−0.134%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2365	−0.100%	$17K	$46K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2365	−0.106%	$7.0M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2362	−0.232%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2366	−0.063%	$859K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2366	−0.063%	$611K	$213K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2365	−0.106%	$2.1M	$252K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2365	−0.089%	$2.3M	$2.3M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2366	−0.063%	$2.0M	$802K	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	0.2365	−0.106%	$32K	$60K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2362	−0.250%	$15K	$6K	—	as long as short
ApeX Omni 0GUSDTlong	+0.0100%	1h	0.2367	long leg	$17K	$625K	50x
BloFin 0G-USDT	+0.0153%	4h	0.2365	−0.106%	$327K	$10K	50x	as long as short
Hyperliquid 0G	+0.0525%	1h	0.2369	+0.080%	$2.5M	$448K	3x	as long as short
Lighter 0G	+0.0736%	1h	0.2370	+0.106%	$49K	$88K	3x	as long as short