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% APRpaid last 24h −0.051%

Price spread now: Bitget against Backpack0.000%49s7-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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack 0G_USDC_PERP	0.2342	0.0100	pay 0.0013% / 1h	11m 16s	$32K	$54K	5x
Short	Bitget 0GUSDT	0.2342	0.0100	get 0.0050% / 4h	3h 11m	$1.9M	$801K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$22
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	4.27 bp	25.2 bp −$25	46.9 bp −$469	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	−0.0642%	4h	0.2341	−0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2340	−0.086%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0075%	4h	0.2342	0.000%	$328K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2341	−0.022%	$17K	$41K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2343	+0.043%	$6.9M	$8.4M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2340	−0.085%	$2.4M	$2.2M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2342	0.000%	$876K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2341	−0.043%	$606K	$155K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2342	0.000%	$2.1M	$239K	50x	as long as short
Bitget 0GUSDTshort	+0.0100%	4h	0.2342	0.000%	$1.9M	$801K	50x

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	0.2342	long leg	$32K	$54K	5x
Variational Omni 0G	+0.0100%	4h	0.2341	−0.039%	$14K	$5K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2342	−0.004%	$18K	$620K	50x	as long as short
KuCoin 0GUSDTM	+0.0230%	4h	0.2343	+0.043%	$2.3M	$2.3M	50x	as long as short
Hyperliquid 0G	+0.0558%	1h	0.2346	+0.162%	$2.5M	$465K	3x	as long as short
Lighter 0G	+0.1320%	1h	0.2348	+0.256%	$49K	$87K	3x	as long as short