Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.182%

Price spread now: Variational Omni against Lighter−0.336%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.336% cheaper against Lighter than usual: you would sell low and buy high (−$34 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	Lighter 0G	0.2338	0.0368	pay 0.0046% / 1h	29m 06s	$45K	$100K	3x
Short	Variational Omni 0G	0.2330	0.0100	get 0.0050% / 4h	3h 29m	$13K	$10K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.336%Rate

Funding earned: −$56.28
Price spread: −0.336% → 0.000%: −$33.62
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$89.9
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 22 min ago; 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 Lighter live order book, 22 min ago	10.69 bp	47.5 bp −$48	122.2 bp −$1,222	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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	−0.1162%	4h	0.2333	−0.214%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2332	−0.271%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2335	−0.112%	$20K	$30K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2334	−0.171%	$6.9M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2334	−0.171%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2333	−0.214%	$873K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2333	−0.214%	$604K	$170K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2333	−0.214%	$2.1M	$203K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2336	−0.086%	$2.4M	$2.5M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2335	−0.128%	$1.9M	$737K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2334	−0.171%	$35K	$48K	5x	as long as short
Variational Omni 0Gshort	+0.0100%	4h	0.2330	−0.336%	$13K	$10K	—
ApeX Omni 0GUSDT	+0.0100%	1h	0.2336	−0.098%	$18K	$631K	50x	as long as short
BloFin 0G-USDT	+0.0103%	4h	0.2335	−0.128%	$328K	$9K	50x	as long as short
Lighter 0Glong	+0.0368%	1h	0.2338	long leg	$45K	$100K	3x
Hyperliquid 0G	+0.0659%	1h	0.2339	+0.021%	$2.5M	$515K	3x	as long as short