Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.050%

Price spread now: Backpack against OKX+0.043%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Backpack is 0.043% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX 0G-USDT-SWAP	0.2315	0.0100	pay 0.0050% / 4h	23m 37s	$865K	$2.2M	20x
Short	Backpack 0G_USDC_PERP	0.2316	0.0319	get 0.0040% / 1h	23m 37s	$33K	$55K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against OKX. 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 OKXbpFee BackpackbpOrdersPrice spread, now +0.043%Rate

Funding earned: $46.05
Price spread: +0.043% → 0.000%: $4.32
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $30.37
Costs to cover: 0.200%
Break-even: 2.4 days

Slippage unknown: OKX: 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 OKX live order book, 3 min ago	4.32 bp	28.3 bp −$28	doesn't fit	doesn't fit	doesn't fit
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	−0.0820%	4h	0.2313	−0.086%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2312	−0.111%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0079%	4h	0.2316	+0.043%	$324K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2313	−0.070%	$16K	$43K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2315	0.000%	$6.8M	$8.2M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2314	−0.043%	$2.3M	$2.1M	50x	as long as short
OKX 0G-USDT-SWAPlong	+0.0100%	4h	0.2315	long leg	$865K	$2.2M	20x
Gate 0G_USDT	+0.0100%	8h	0.2313	−0.086%	$593K	$148K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2314	−0.043%	$2.0M	$201K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2315	0.000%	$1.9M	$693K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2313	−0.105%	$13K	$3K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2312	−0.130%	$18K	$620K	50x	as long as short
KuCoin 0GUSDTM	+0.0278%	4h	0.2316	+0.048%	$2.4M	$2.3M	50x	as long as short
Backpack 0G_USDC_PERPshort	+0.0319%	1h	0.2316	+0.043%	$33K	$55K	5x
Hyperliquid 0G	+0.0890%	1h	0.2317	+0.104%	$2.5M	$477K	3x	as long as short
Lighter 0G	+0.1528%	1h	0.2319	+0.173%	$48K	$98K	3x	as long as short