Settings8H · net · $10k
Funding arb · Price arb /

0G

all 0G markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0710%/8h= +77.8% APRnext payment +$0.89 per $10,000 · paid last 24h +0.182%
Price spread now: Hyperliquid against ApeX Omni+0.087%65s7-day average +0.218% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$980.977% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.631%+$63 on $10k
Price spread, last 3 days (all we have)+0.140%+$14 · spread now +0.087%, 7d avg +0.218%
Together, before fees+0.771%+ Points / potential airdropHyperliquid: Season 2 · farm board+$77 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.131% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.087% now, against its 7-day average of +0.218%). If the spread goes back, that is −$13 on $10k: about 15 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.631% in total) that is about 35 hours. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni 0GUSDT0.22960.0100pay 0.0013% / 1h26m 18s$18K$630K50x
ShortHyperliquid 0G0.22980.0810get 0.0101% / 1h26m 18s$2.4M$514K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$149.12
Price spread: +0.087% → +0.218%
−$13.13
Slippage, 4 orders
−$78.75
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$38.25
Costs to cover
0.977%
Break-even
5.2 days
Slippage from ApeX Omni: live order book, 57 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 57 min ago10.75 bp26.6 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago0.22 bp26.4 bp −$26doesn't fitdoesn't fitdoesn't fit

0G on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX 0G-USDT−0.0658%4h0.2294−0.087%$6.5Mas long as short
GMX 0G/USD [WBTC.b-USDC]L −0.0235% / S +0.0198%1h0.2292−0.167%$2K100xas long as short
Aster 0GUSDT+0.0100%4h0.2292−0.162%$23K$22K5xas long as short
Binance 0GUSDT+0.0100%4h0.2294−0.093%$6.7M$8.9M50xas long as short
Bybit 0GUSDT+0.0100%4h0.2292−0.174%$2.2M$2.3M50xas long as short
OKX 0G-USDT-SWAP+0.0100%4h0.2293−0.131%$872K$2.3M20xas long as short
Gate 0G_USDT+0.0100%8h0.2290−0.261%$590K$164K50xas long as short
MEXC 0G_USDT+0.0100%4h0.2294−0.087%$2.0M$203K50xas long as short
Bitget 0GUSDT+0.0100%4h0.2293−0.131%$1.8M$658K50xas long as short
Backpack 0G_USDC_PERP+0.0100%1h0.2295−0.044%$37K$48K5xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni 0G+0.0100%4h0.2288−0.361%$12K$10Kas long as short
ApeX Omni 0GUSDTlong+0.0100%1h0.2296long leg$18K$630K50x
BloFin 0G-USDT+0.0101%4h0.2297+0.044%$325K$9K50xas long as short
KuCoin 0GUSDTM+0.0126%4h0.2293−0.118%$2.4M$2.6M50xas long as short
Lighter 0G+0.0696%1h0.2298+0.087%$44K$100K3xas long as short
Hyperliquid 0Gshort+0.0810%1h0.2298+0.087%$2.4M$514K3x