Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0820%/8h= +89.8% APRpaid last 24h +0.181%

Price spread now: Lighter against MEXC+0.259%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$900.903% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.490%+$49 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.259%, 7d avg +0.094%

Together, before fees+0.332%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Lighter is 0.165% dearer against MEXC than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.094%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.490% in total (about 25.6% 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	MEXC 0G_USDT	0.2319	0.0100	pay 0.0050% / 4h	2h 17m	$2.1M	$200K	50x
Short	Lighter 0G	0.2325	0.0920	get 0.0115% / 1h	17m 20s	$48K	$104K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.259%Rate

Funding earned: $172.2
Price spread: +0.259% → +0.094%: $16.49
Slippage, 4 orders: −$86.3
Fee MEXC: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $98.39
Costs to cover: 0.903%
Break-even: 3.0 days

Slippage from MEXC: live order book, 4 min ago; Lighter: live order book, 23 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, 4 min ago	2.15 bp	10.0 bp −$10	32.9 bp −$329	170.5 bp −$17.0K	269.3 bp −$134.6K
Sell Lighter live order book, 23 min ago	13.00 bp	42.8 bp −$43	156.6 bp −$1,566	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	−0.1746%	4h	0.2320	+0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2318	−0.058%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2317	−0.070%	$18K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2320	+0.043%	$6.8M	$9.4M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2319	0.000%	$2.3M	$2.5M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2320	+0.043%	$897K	$2.5M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2320	+0.043%	$600K	$162K	50x	as long as short
MEXC 0G_USDTlong	+0.0100%	4h	0.2319	long leg	$2.1M	$200K	50x
KuCoin 0GUSDTM	+0.0100%	4h	0.2323	+0.168%	$2.4M	$2.5M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2320	+0.043%	$1.9M	$763K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2322	+0.111%	$13K	$4K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2318	−0.043%	$18K	$626K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0537%	1h	0.2321	+0.086%	$31K	$54K	5x	as long as short
Hyperliquid 0G	+0.0844%	1h	0.2325	+0.254%	$2.5M	$526K	3x	as long as short
Lighter 0Gshort	+0.0920%	1h	0.2325	+0.259%	$48K	$104K	3x