Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2300%/8h= +251.8% APRpaid last 24h +0.429%

Price spread now: Lighter against BingX+0.216%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs+$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1381.381% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+3.217%+$322 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now +0.216%, 7d avg +0.028%

Together, before fees+3.373%+ Points / potential airdropLighter: Season 3 · farm board+$337 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$69 a day on $10k at the current rate, and Lighter is 0.188% dearer against BingX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.028%.

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 06m	—	$6.5M	—
Short	Lighter 0G	0.2317	0.1544	get 0.0193% / 1h	6m 01s	$48K	$104K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.216%Rate

Funding earned: $483
Price spread: +0.216% → +0.028%: $18.79
Slippage, 4 orders: −$128.07
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $363.72
Costs to cover: 1.381%
Break-even: 1.7 days

Slippage from BingX: live order book, 10 min ago; Lighter: live order book, 30 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 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 Lighter live order book, 30 min ago	10.74 bp	52.6 bp −$53	131.8 bp −$1,318	doesn't fit	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-USDTlong	−0.0756%	4h	0.2312	long leg	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2310	−0.102%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2313	+0.038%	$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	0.2311	−0.043%	$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 0Gshort	+0.1544%	1h	0.2317	+0.216%	$48K	$104K	3x