Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC−0.127%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$780.785% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.127%, 7d avg +0.033%

Together, before fees+0.041%+$4 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: Bybit is 0.160% cheaper against MEXC than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 0G_USDT	0.2357	0.0100	pay 0.0050% / 4h	14m 29s	$2.1M	$235K	50x
Short	Bybit 0GUSDT	0.2354	0.0100	get 0.0050% / 4h	14m 29s	$2.4M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → +0.033%: −$16.02
Slippage, 4 orders: −$63.5
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$94.52
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 2 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 MEXC live order book, 2 min ago	2.12 bp	6.1 bp −$6	25.9 bp −$259	167.4 bp −$16.7K	263.1 bp −$131.5K
Sell Bybit live order book, 2 min ago	8.47 bp	32.5 bp −$33	200.4 bp −$2,004	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	−0.0832%	4h	0.2354	−0.127%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2358	+0.024%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2358	+0.052%	$17K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2355	−0.095%	$6.9M	$8.5M	50x	as long as short
Bybit 0GUSDTshort	+0.0100%	4h	0.2354	−0.127%	$2.4M	$2.2M	50x
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2354	−0.127%	$888K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2356	−0.042%	$608K	$161K	50x	as long as short
MEXC 0G_USDTlong	+0.0100%	4h	0.2357	long leg	$2.1M	$235K	50x
Bitget 0GUSDT	+0.0100%	4h	0.2353	−0.170%	$2.0M	$796K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2359	+0.089%	$13K	$3K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni 0GUSDT	+0.0100%	1h	0.2357	+0.004%	$18K	$620K	50x	as long as short
BloFin 0G-USDT	+0.0113%	4h	0.2357	0.000%	$327K	$9K	50x	as long as short
KuCoin 0GUSDTM	+0.0256%	4h	0.2358	+0.042%	$2.5M	$2.4M	50x	as long as short
Backpack 0G_USDC_PERP	+0.0459%	1h	0.2360	+0.127%	$34K	$55K	5x	as long as short
Hyperliquid 0G	+0.0751%	1h	0.2358	+0.025%	$2.5M	$493K	3x	as long as short
Lighter 0G	+0.1344%	1h	0.2364	+0.297%	$49K	$98K	3x	as long as short