Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h +0.095%

Price spread now: Variational Omni against GMX−0.085%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.085% cheaper against GMX than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 20 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX 0G/USD [WBTC.b-USDC]	0.2308	L −0.0235% / S +0.0198%	get 0.0029% / 1h	41m 51s	$2K	—	100x
Short	Variational Omni 0G	0.2306	0.0100	get 0.0050% / 4h	2h 41m	$13K	$7K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.085%Rate

Funding earned: $70.34
Price spread: −0.085% → 0.000%: −$8.48
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $49.85
Costs to cover: 0.120%
Break-even: 2.0 days

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

GMX and Variational Omni: 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	−0.1838%	4h	0.2309	+0.061%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]long	L −0.0235% / S +0.0198%	1h	0.2308	long leg	$2K	—	100x
BloFin 0G-USDT	+0.0050%	4h	0.2312	+0.191%	$329K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2310	+0.107%	$18K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2310	+0.104%	$6.8M	$9.5M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2310	+0.104%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2311	+0.147%	$895K	$2.5M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2309	+0.061%	$596K	$160K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2310	+0.104%	$2.0M	$197K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2312	+0.204%	$2.4M	$2.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget 0GUSDT	+0.0100%	4h	0.2312	+0.191%	$1.9M	$778K	50x	as long as short
Variational Omni 0Gshort	+0.0100%	4h	0.2306	−0.085%	$13K	$7K	—
ApeX Omni 0GUSDT	+0.0100%	1h	0.2310	+0.091%	$18K	$630K	50x	as long as short
Lighter 0G	+0.0384%	1h	0.2314	+0.277%	$44K	$100K	3x	as long as short
Backpack 0G_USDC_PERP	+0.0414%	1h	0.2311	+0.147%	$30K	$53K	5x	as long as short
Hyperliquid 0G	+0.0959%	1h	0.2316	+0.342%	$2.5M	$521K	3x	as long as short