Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against KuCoin−0.929%67s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1161.163% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.999%+$100 · spread now −0.929%, 7d avg −0.038%

Together, before fees+0.957%+$96 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.892% cheaper against KuCoin than usual: you would sell low and buy high, −$89 on $10k if it goes back to its 7-day average of −0.038%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 0GUSDTM	0.2335	0.0100	pay 0.0050% / 4h	2h 36m	$2.4M	$2.5M	50x
Short	ApeX Omni 0GUSDT	0.2313	0.0100	get 0.0013% / 1h	36m 16s	$18K	$630K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.929%Rate

Funding earned: $0
Price spread: −0.929% → −0.038%: −$89.18
Slippage, 4 orders: −$94.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$205.45
Costs to cover: 1.163%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; ApeX Omni: live order book, 32 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 KuCoin live order book, 6 min ago	2.38 bp	29.1 bp −$29	362.5 bp −$3,625	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 32 min ago	8.51 bp	30.5 bp −$31	doesn't fit	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-USDT	−0.1868%	4h	0.2333	−0.069%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2331	−0.157%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0050%	4h	0.2312	−0.968%	$329K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2328	−0.269%	$18K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2332	−0.111%	$6.9M	$9.5M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2331	−0.154%	$2.3M	$2.5M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2334	−0.026%	$901K	$2.5M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2329	−0.240%	$601K	$161K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2329	−0.240%	$2.1M	$198K	50x	as long as short
KuCoin 0GUSDTMlong	+0.0100%	4h	0.2335	long leg	$2.4M	$2.5M	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget 0GUSDT	+0.0100%	4h	0.2334	−0.026%	$1.9M	$781K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2332	−0.127%	$13K	$7K	—	as long as short
ApeX Omni 0GUSDTshort	+0.0100%	1h	0.2313	−0.929%	$18K	$630K	50x
Backpack 0G_USDC_PERP	+0.0454%	1h	0.2323	−0.497%	$31K	$54K	5x	as long as short
Lighter 0G	+0.0576%	1h	0.2337	+0.103%	$49K	$104K	3x	as long as short
Hyperliquid 0G	+0.0989%	1h	0.2336	+0.056%	$2.5M	$528K	3x	as long as short