Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.020%

Price spread now: KuCoin against ApeX Omni−0.147%82s7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1161.157% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.147%, 7d avg +0.035%

Together, before fees+0.190%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.182% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of +0.035%). If the spread goes back, that is −$18 on $10k: about 25 days of funding at the current rate (+$1 a day). The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni 0GUSDT	0.2314	0.0100	pay 0.0013% / 1h	26m 07s	$18K	$620K	50x
Short	KuCoin 0GUSDTM	0.2311	0.0124	get 0.0062% / 4h	2h 26m	$2.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.147%Rate

Funding earned: $5.04
Price spread: −0.147% → +0.035%: −$18.22
Slippage, 4 orders: −$93.71
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$128.89
Costs to cover: 1.157%
Break-even: 186.0 days

Slippage from ApeX Omni: live order book, 22 min ago; KuCoin: live order book, 5 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 ApeX Omni live order book, 22 min ago	10.69 bp	31.2 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.59 bp	27.3 bp −$27	349.3 bp −$3,493	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	−0.0644%	4h	0.2312	−0.082%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2311	−0.105%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0054%	4h	0.2305	−0.385%	$323K	$10K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2312	−0.062%	$16K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2314	−0.004%	$6.8M	$8.3M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2311	−0.125%	$2.3M	$2.2M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2312	−0.082%	$855K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2310	−0.169%	$584K	$179K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2313	−0.039%	$2.1M	$246K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2313	−0.039%	$1.9M	$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_PERP	+0.0100%	1h	0.2313	−0.039%	$32K	$58K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2310	−0.185%	$14K	$6K	—	as long as short
ApeX Omni 0GUSDTlong	+0.0100%	1h	0.2314	long leg	$18K	$620K	50x
KuCoin 0GUSDTMshort	+0.0124%	4h	0.2311	−0.147%	$2.3M	$2.3M	50x
Hyperliquid 0G	+0.0734%	1h	0.2318	+0.169%	$2.5M	$455K	3x	as long as short
Lighter 0G	+0.1000%	1h	0.2317	+0.134%	$48K	$87K	3x	as long as short