Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.089%

Price spread now: GMX against Gate+0.149%7-day average — · you sell dearer than you buy

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. GMX is 0.149% dearer against Gate than usual: you sell high and buy low (spread +0.149% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate 0G_USDT	0.2354	0.0100	pay 0.0100% / 8h	7h 27m	$599K	$212K	50x
Short	GMX 0G/USD [WBTC.b-USDC]	0.2358	L −0.0235% / S +0.0198%	pay 0.0025% / 1h	27m 23s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.149%Rate

Funding earned: −$62.61
Price spread: +0.149% → 0.000%: $14.91
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$74.7
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago	4.27 bp	311.3 bp −$311	doesn't fit	doesn't fit	doesn't fit
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-USDT	−0.0388%	4h	0.2358	+0.170%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]short	L −0.0235% / S +0.0198%	1h	0.2358	+0.149%	$2K	—	100x
Aster 0GUSDT	+0.0100%	4h	0.2354	−0.002%	$16K	$49K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2356	+0.100%	$6.9M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2355	+0.042%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2358	+0.170%	$869K	$2.4M	20x	as long as short
Gate 0G_USDTlong	+0.0100%	8h	0.2354	long leg	$599K	$212K	50x
MEXC 0G_USDT	+0.0100%	4h	0.2355	+0.042%	$2.1M	$250K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2352	−0.076%	$2.2M	$2.2M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2357	+0.127%	$1.9M	$801K	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	0.2353	−0.042%	$34K	$61K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2341	−0.547%	$15K	$7K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2342	−0.510%	$18K	$628K	50x	as long as short
BloFin 0G-USDT	+0.0131%	4h	0.2347	−0.297%	$326K	$10K	50x	as long as short
Hyperliquid 0G	+0.0374%	1h	0.2358	+0.183%	$2.5M	$447K	3x	as long as short
Lighter 0G	+0.0608%	1h	0.2358	+0.170%	$49K	$87K	3x	as long as short