Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0268%/8h= −29.4% APRpaid last 24h −0.051%

Price spread now: Binance against Backpack0.000%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 Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.184% in total (about -9.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack 0G_USDC_PERP	0.2341	0.0368	pay 0.0046% / 1h	56m 05s	$32K	$56K	5x
Short	Binance 0GUSDT	0.2341	0.0100	get 0.0050% / 4h	2h 56m	$6.9M	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$56.36
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$76.36
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Binance: live order book, 13 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 Binance live order book, 13 min ago	2.14 bp	17.8 bp −$18	44.4 bp −$444	557.9 bp −$55.8K	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	−0.0636%	4h	0.2340	−0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2337	−0.153%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2336	−0.233%	$17K	$41K	5x	as long as short
Binance 0GUSDTshort	+0.0100%	4h	0.2341	0.000%	$6.9M	$8.4M	50x
Bybit 0GUSDT	+0.0100%	4h	0.2338	−0.128%	$2.4M	$2.2M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2341	0.000%	$874K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2334	−0.299%	$604K	$154K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2341	0.000%	$2.1M	$240K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2340	−0.043%	$1.9M	$800K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2324	−0.722%	$15K	$5K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni 0GUSDT	+0.0100%	1h	0.2323	−0.760%	$18K	$622K	50x	as long as short
BloFin 0G-USDT	+0.0129%	4h	0.2329	−0.513%	$246K	$10K	50x	as long as short
KuCoin 0GUSDTM	+0.0204%	4h	0.2336	−0.214%	$2.3M	$2.3M	50x	as long as short
Backpack 0G_USDC_PERPlong	+0.0368%	1h	0.2341	long leg	$32K	$56K	5x
Hyperliquid 0G	+0.0890%	1h	0.2344	+0.137%	$2.5M	$460K	3x	as long as short
Lighter 0G	+0.1568%	1h	0.2342	+0.043%	$49K	$87K	3x	as long as short