Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h +0.118%

Price spread now: KuCoin against GMX+0.096%7-day average — · you sell dearer than you buy

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

Long on GMX Short on KuCoin

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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and KuCoin is 0.096% dearer against GMX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX 0G/USD [WBTC.b-USDC]	0.2361	L −0.0235% / S +0.0198%	get 0.0029% / 1h	2m 14s	$2K	—	100x
Short	KuCoin 0GUSDTM	0.2363	0.0100	get 0.0050% / 4h	2m 14s	$2.2M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GMX. 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 GMXbpFee KuCoinbpOrdersPrice spread, now +0.096%Rate

Funding earned: $70.34
Price spread: +0.096% → 0.000%: $9.62
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $55.95
Costs to cover: 0.240%
Break-even: 1.4 days

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 4 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	1.90 bp	26.4 bp −$26	352.0 bp −$3,520	doesn't fit	doesn't fit

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	−0.0372%	4h	0.2361	+0.016%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]long	L −0.0235% / S +0.0198%	1h	0.2361	long leg	$2K	—	100x
Aster 0GUSDT	+0.0100%	4h	0.2362	+0.071%	$16K	$49K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2362	+0.077%	$7.0M	$8.7M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2360	−0.027%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2362	+0.058%	$879K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2361	+0.016%	$601K	$220K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2361	+0.016%	$2.1M	$252K	50x	as long as short
KuCoin 0GUSDTMshort	+0.0100%	4h	0.2363	+0.096%	$2.2M	$2.2M	50x
Bitget 0GUSDT	+0.0100%	4h	0.2363	+0.100%	$1.9M	$851K	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	0.2362	+0.058%	$34K	$62K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2367	+0.256%	$15K	$7K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2369	+0.350%	$18K	$628K	50x	as long as short
BloFin 0G-USDT	+0.0106%	4h	0.2369	+0.355%	$328K	$10K	50x	as long as short
Hyperliquid 0G	+0.0315%	1h	0.2365	+0.202%	$2.5M	$437K	3x	as long as short
Lighter 0G	+0.0672%	1h	0.2367	+0.270%	$49K	$87K	3x	as long as short