Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.169%

Price spread now: KuCoin against Lighter+0.112%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1621.623% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.472%−$47 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.112%, 7d avg −0.020%

Together, before fees−0.645%+ Points / potential airdropLighter: Season 3 · farm board−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.132% dearer against Lighter than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of −0.020%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 0G	0.2317	0.0248	pay 0.0031% / 1h	58m 35s	$44K	$100K	3x
Short	KuCoin 0GUSDTM	0.2320	0.0100	get 0.0050% / 4h	2h 58m	$2.4M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter. 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 LighterbpFee KuCoinbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$31.08
Price spread: +0.112% → −0.020%: $13.23
Slippage, 4 orders: −$150.32
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$180.16
Costs to cover: 1.623%
Break-even: never at this rate

Slippage from Lighter: live order book, 52 min ago; KuCoin: live order book, 3 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 Lighter live order book, 52 min ago	10.69 bp	47.5 bp −$48	122.2 bp −$1,222	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.50 bp	23.9 bp −$24	314.7 bp −$3,147	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	−0.1680%	4h	0.2318	+0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2323	+0.253%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0092%	4h	0.2324	+0.302%	$327K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2319	+0.078%	$20K	$30K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2319	+0.088%	$6.8M	$9.2M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2311	−0.259%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2317	0.000%	$889K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2313	−0.173%	$598K	$153K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2313	−0.173%	$2.0M	$189K	50x	as long as short
KuCoin 0GUSDTMshort	+0.0100%	4h	0.2320	+0.112%	$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	0.2315	−0.086%	$1.9M	$754K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2326	+0.388%	$33K	$49K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2326	+0.392%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2335	+0.773%	$18K	$631K	50x	as long as short
Lighter 0Glong	+0.0248%	1h	0.2317	long leg	$44K	$100K	3x
Hyperliquid 0G	+0.1083%	1h	0.2323	+0.242%	$2.5M	$519K	3x	as long as short