Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.051%

Price spread now: Backpack against MEXC0.000%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.184%+$18 on $10k

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 0G_USDT	0.2365	0.0100	pay 0.0050% / 4h	1h 03m	$2.1M	$252K	50x
Short	Backpack 0G_USDC_PERP	0.2365	0.0100	get 0.0013% / 1h	3m 27s	$32K	$60K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against MEXC. 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 MEXCbpFee BackpackbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$14
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago	2.11 bp	8.1 bp −$8	25.8 bp −$258	168.1 bp −$16.8K	278.8 bp −$139.4K
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	−0.0472%	4h	0.2367	+0.085%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2367	+0.073%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2365	+0.012%	$17K	$46K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2366	+0.052%	$7.0M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2366	+0.042%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2368	+0.127%	$859K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2366	+0.042%	$611K	$213K	50x	as long as short
MEXC 0G_USDTlong	+0.0100%	4h	0.2365	long leg	$2.1M	$252K	50x
KuCoin 0GUSDTM	+0.0100%	4h	0.2365	+0.017%	$2.3M	$2.3M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2368	+0.127%	$2.0M	$802K	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_PERPshort	+0.0100%	1h	0.2365	0.000%	$32K	$60K	5x
Variational Omni 0G	+0.0100%	4h	0.2364	−0.060%	$15K	$6K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2367	+0.106%	$17K	$625K	50x	as long as short
BloFin 0G-USDT	+0.0124%	4h	0.2365	0.000%	$327K	$10K	50x	as long as short
Hyperliquid 0G	+0.0533%	1h	0.2370	+0.199%	$2.5M	$448K	3x	as long as short
Lighter 0G	+0.0752%	1h	0.2370	+0.211%	$49K	$88K	3x	as long as short