Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1014%/8h= +111.0% APRpaid last 24h +0.185%

Price spread now: Hyperliquid against Variational Omni+0.201%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

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 airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Hyperliquid is 0.201% dearer against Variational Omni than usual: you sell high and buy low: +$20 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	Variational Omni 0G	0.2312	0.0100	pay 0.0050% / 4h	1h 38m	$13K	$3K	—
Short	Hyperliquid 0G	0.2316	0.1114	get 0.0139% / 1h	38m 52s	$2.5M	$501K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.201%Rate

Funding earned: $212.96
Price spread: +0.201% → 0.000%: $20.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $224.08
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 2 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 2 min ago	3.23 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit

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	−0.1190%	4h	0.2313	+0.063%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2309	−0.092%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2312	+0.032%	$18K	$41K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2312	+0.021%	$6.8M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2310	−0.067%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2315	+0.149%	$891K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2310	−0.067%	$599K	$146K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2311	−0.024%	$2.0M	$193K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2313	+0.041%	$2.4M	$2.4M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2312	+0.019%	$1.9M	$729K	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 0Glong	+0.0100%	4h	0.2312	long leg	$13K	$3K	—
ApeX Omni 0GUSDT	+0.0100%	1h	0.2324	+0.521%	$18K	$624K	50x	as long as short
BloFin 0G-USDT	+0.0149%	4h	0.2315	+0.149%	$325K	$9K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0334%	1h	0.2312	+0.019%	$31K	$50K	5x	as long as short
Hyperliquid 0Gshort	+0.1114%	1h	0.2316	+0.201%	$2.5M	$501K	3x
Lighter 0G	+0.1560%	1h	0.2316	+0.193%	$48K	$104K	3x	as long as short