0G

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0707%/8h= −77.5% APRnext payment −$0.88 per $10,000 · paid last 24h −0.124%

Price spread now: GMX against Backpack−0.098%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on GMX

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—needs both histories

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and GMX is 0.098% cheaper against Backpack than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack 0G_USDC_PERP	0.2312	0.0509	pay 0.0064% / 1h	2m 14s	$31K	$51K	5x
Short	GMX 0G/USD [WBTC.b-USDC]	0.2310	L −0.0235% / S +0.0198%	pay 0.0025% / 1h	2m 14s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. 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 BackpackbpFee GMXbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$148.56
Price spread: −0.098% → 0.000%: −$9.78
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$180.33
Costs to cover: 0.220%
Break-even: never at this rate

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

Backpack and GMX: 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 15 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	−0.1554%	4h	0.2312	0.000%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]short	L −0.0235% / S +0.0198%	1h	0.2310	−0.098%	$2K	—	100x
Aster 0GUSDT	+0.0100%	4h	0.2311	−0.033%	$18K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2312	+0.021%	$6.8M	$9.2M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2311	−0.043%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2314	+0.087%	$894K	$2.5M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2312	0.000%	$598K	$163K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2312	0.000%	$2.0M	$204K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2314	+0.099%	$2.4M	$2.5M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2313	+0.043%	$1.9M	$747K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2310	−0.082%	$13K	$3K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2308	−0.173%	$18K	$626K	50x	as long as short
Backpack 0G_USDC_PERPlong	+0.0509%	1h	0.2312	long leg	$31K	$51K	5x
Hyperliquid 0G	+0.0985%	1h	0.2316	+0.186%	$2.5M	$511K	3x	as long as short
Lighter 0G	+0.1056%	1h	0.2318	+0.260%	$48K	$104K	3x	as long as short