Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0558%/8h= +61.1% APRpaid last 24h +0.157%

Price spread now: GMX against BingX−0.102%7-day average — · you buy dearer than you sell

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

Long on BingX 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

Funding pays, the price is against you. GMX is 0.102% cheaper against BingX than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 15 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 0G-USDT	0.2312	−0.0756	get 0.0378% / 4h	1h 05m	—	$6.5M	—
Short	GMX 0G/USD [WBTC.b-USDC]	0.2310	L −0.0235% / S +0.0198%	pay 0.0025% / 1h	5m 54s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $117.15
Price spread: −0.102% → 0.000%: −$10.16
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $84.99
Costs to cover: 0.220%
Break-even: 1.9 days

Slippage unknown: BingX: live order book, 10 min ago; 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 BingX live order book, 10 min ago	6.44 bp	20.1 bp −$20	49.3 bp −$493	637.2 bp −$63.7K	1313.7 bp −$656.9K
Sell GMX no order-book sample	—	—	—	—	—

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 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-USDTlong	−0.0756%	4h	0.2312	long leg	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]short	L −0.0235% / S +0.0198%	1h	0.2310	−0.102%	$2K	—	100x
Aster 0GUSDT	+0.0100%	4h	0.2313	+0.042%	$16K	$43K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2313	+0.042%	$6.8M	$8.5M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2309	−0.130%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2314	+0.087%	$890K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2311	−0.043%	$598K	$147K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2312	0.000%	$2.0M	$194K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2312	0.000%	$1.9M	$716K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2309	−0.128%	$13K	$3K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni 0GUSDT	+0.0100%	1h	0.2321	+0.394%	$18K	$622K	50x	as long as short
KuCoin 0GUSDTM	+0.0110%	4h	0.2316	+0.151%	$2.4M	$2.4M	50x	as long as short
BloFin 0G-USDT	+0.0113%	4h	0.2332	+0.865%	$328K	$9K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0505%	1h	0.2312	0.000%	$31K	$49K	5x	as long as short
Hyperliquid 0G	+0.0838%	1h	0.2318	+0.242%	$2.5M	$484K	3x	as long as short
Lighter 0G	+0.1544%	1h	0.2317	+0.216%	$48K	$104K	3x	as long as short