Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1165%/8h= +127.6% APRpaid last 24h +0.170%

Price spread now: Hyperliquid against KuCoin+0.186%7-day average +0.182% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1101.103% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.612%+$61 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.186%, 7d avg +0.182%

Together, before fees+0.575%+ Points / potential airdropHyperliquid: Season 2 · farm board+$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.182%, so right now this pair is about funding alone: +$35 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.612% in total (about 31.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 0GUSDTM	0.2317	0.0100	pay 0.0050% / 4h	1h 56m	$2.4M	$2.5M	50x
Short	Hyperliquid 0G	0.2321	0.1265	get 0.0158% / 1h	56m 24s	$2.5M	$512K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.186%Rate

Funding earned: $244.63
Price spread: +0.186% → +0.182%: $0.37
Slippage, 4 orders: −$89.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $134.68
Costs to cover: 1.103%
Break-even: 3.1 days

Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 5 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, 5 min ago	3.03 bp	27.2 bp −$27	357.6 bp −$3,576	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	1.51 bp	22.5 bp −$22	doesn't fit	doesn't fit	doesn't fit

0G on 15 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	−0.1488%	4h	0.2317	+0.013%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2304	−0.537%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2311	−0.237%	$18K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2316	−0.033%	$6.8M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2313	−0.160%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2318	+0.056%	$895K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2309	−0.332%	$598K	$145K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2316	−0.030%	$2.0M	$192K	50x	as long as short
KuCoin 0GUSDTMlong	+0.0100%	4h	0.2317	long leg	$2.4M	$2.5M	50x
Bitget 0GUSDT	+0.0100%	4h	0.2314	−0.117%	$1.9M	$729K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2308	−0.376%	$31K	$50K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2308	−0.371%	$13K	$3K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2312	−0.186%	$18K	$625K	50x	as long as short
Hyperliquid 0Gshort	+0.1265%	1h	0.2321	+0.186%	$2.5M	$512K	3x
Lighter 0G	+0.1512%	1h	0.2318	+0.056%	$48K	$104K	3x	as long as short