Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.040%

Price spread now: Aster against Backpack−0.075%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.075% cheaper against Backpack than usual: you would sell low and buy high, −$8 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	0.2334	0.0100	pay 0.0013% / 1h	5m 38s	$37K	$47K	5x
Short	Aster 0GUSDT	0.2332	0.0100	get 0.0050% / 4h	5m 38s	$23K	$22K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → 0.000%: −$7.52
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$25.52
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Aster: 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 Backpack no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Backpack and Aster: 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	−0.0732%	4h	0.2334	0.000%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2331	−0.113%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0050%	4h	0.2330	−0.171%	$326K	$9K	50x	as long as short
Aster 0GUSDTshort	+0.0100%	4h	0.2332	−0.075%	$23K	$22K	5x
Binance 0GUSDT	+0.0100%	4h	0.2334	+0.018%	$6.8M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2332	−0.086%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2333	−0.043%	$889K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2334	0.000%	$602K	$172K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2334	0.000%	$2.1M	$205K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2335	+0.043%	$1.9M	$719K	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_PERPlong	+0.0100%	1h	0.2334	long leg	$37K	$47K	5x
Variational Omni 0G	+0.0100%	4h	0.2330	−0.163%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2330	−0.163%	$18K	$631K	50x	as long as short
KuCoin 0GUSDTM	+0.0138%	4h	0.2336	+0.064%	$2.4M	$2.5M	50x	as long as short
Hyperliquid 0G	+0.0523%	1h	0.2337	+0.120%	$2.5M	$500K	3x	as long as short
Lighter 0G	+0.0640%	1h	0.2337	+0.129%	$45K	$100K	3x	as long as short