0G

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0404%/8h= −44.3% APRnext payment −$0.51 per $10,000 · paid last 24h −0.139%

Price spread now: Backpack against Hyperliquid−0.153%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Backpack is 0.153% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid 0G	0.2347	0.0504	pay 0.0063% / 1h	2m 40s	$2.5M	$500K	3x
Short	Backpack 0G_USDC_PERP	0.2343	0.0100	get 0.0013% / 1h	2m 40s	$37K	$47K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Hyperliquid. 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 HyperliquidbpFee BackpackbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$84.91
Price spread: −0.153% → 0.000%: −$15.34
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$119.26
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; Backpack: 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 Hyperliquid live order book, 8 min ago	1.29 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: 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	−0.0754%	4h	0.2343	−0.153%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2342	−0.211%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2340	−0.264%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2343	−0.161%	$6.9M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2342	−0.196%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2346	−0.026%	$892K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2339	−0.324%	$603K	$173K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2343	−0.153%	$2.1M	$205K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2342	−0.196%	$1.9M	$720K	50x	as long as short
Backpack 0G_USDC_PERPshort	+0.0100%	1h	0.2343	−0.153%	$37K	$47K	5x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2330	−0.700%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2332	−0.622%	$18K	$632K	50x	as long as short
BloFin 0G-USDT	+0.0146%	4h	0.2344	−0.111%	$327K	$9K	50x	as long as short
KuCoin 0GUSDTM	+0.0154%	4h	0.2345	−0.072%	$2.4M	$2.5M	50x	as long as short
Hyperliquid 0Glong	+0.0504%	1h	0.2347	long leg	$2.5M	$500K	3x
Lighter 0G	+0.0640%	1h	0.2346	−0.026%	$45K	$100K	3x	as long as short