Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.051%

Price spread now: ApeX Omni against Backpack+0.030%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.030% dearer against Backpack than usual: you sell high and buy low, +$3 on $10k if it 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	Backpack 0G_USDC_PERP	0.2338	0.0100	pay 0.0013% / 1h	28m 36s	$32K	$54K	5x
Short	ApeX Omni 0GUSDT	0.2339	0.0100	get 0.0013% / 1h	28m 36s	$18K	$619K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → 0.000%: $2.99
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$17.01
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; ApeX Omni: live order book, 24 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 Backpack no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 24 min ago	10.69 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit

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	−0.0702%	4h	0.2338	0.000%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2336	−0.088%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2335	−0.128%	$17K	$41K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2336	−0.078%	$6.9M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2336	−0.086%	$2.4M	$2.2M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2337	−0.043%	$875K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2333	−0.214%	$603K	$153K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2335	−0.128%	$2.1M	$238K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2336	−0.086%	$1.9M	$817K	50x	as long as short
Backpack 0G_USDC_PERPlong	+0.0100%	1h	0.2338	long leg	$32K	$54K	5x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2338	+0.004%	$13K	$4K	—	as long as short
ApeX Omni 0GUSDTshort	+0.0100%	1h	0.2339	+0.030%	$18K	$619K	50x
BloFin 0G-USDT	+0.0155%	4h	0.2342	+0.171%	$330K	$9K	50x	as long as short
KuCoin 0GUSDTM	+0.0280%	4h	0.2338	−0.009%	$2.4M	$2.4M	50x	as long as short
Hyperliquid 0G	+0.0602%	1h	0.2340	+0.098%	$2.5M	$479K	3x	as long as short
Lighter 0G	+0.1320%	1h	0.2342	+0.171%	$49K	$87K	3x	as long as short