Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h −0.047%

Price spread now: BloFin against Backpack+0.128%66s7-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 BloFin

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.128% dearer against Backpack than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour. The two prices were read 66 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	Backpack 0G_USDC_PERP	0.2337	0.0100	pay 0.0013% / 1h	50m 01s	$32K	$54K	5x
Short	BloFin 0G-USDT	0.2340	0.0158	get 0.0079% / 4h	3h 50m	$330K	$9K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.128%Rate

Funding earned: $12.1
Price spread: +0.128% → 0.000%: $12.84
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.94
Costs to cover: 0.220%
Break-even: 5.3 days

Slippage unknown: Backpack: no order-book sample; BloFin: live order book, 45 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 BloFin live order book, 45 min ago	6.51 bp	16.7 bp −$17	34.5 bp −$345	219.4 bp −$21.9K	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	−0.0782%	4h	0.2336	−0.043%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2332	−0.234%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2336	−0.036%	$17K	$40K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2337	+0.010%	$6.9M	$8.7M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2335	−0.086%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2336	−0.043%	$874K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2331	−0.257%	$601K	$150K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2336	−0.043%	$2.1M	$223K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2337	0.000%	$1.9M	$813K	50x	as long as short
Backpack 0G_USDC_PERPlong	+0.0100%	1h	0.2337	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	0.2334	−0.124%	$13K	$4K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2337	−0.004%	$18K	$622K	50x	as long as short
BloFin 0G-USDTshort	+0.0158%	4h	0.2340	+0.128%	$330K	$9K	50x
KuCoin 0GUSDTM	+0.0234%	4h	0.2336	−0.039%	$2.4M	$2.4M	50x	as long as short
Hyperliquid 0G	+0.0732%	1h	0.2340	+0.145%	$2.5M	$490K	3x	as long as short
Lighter 0G	+0.1384%	1h	0.2340	+0.128%	$49K	$87K	3x	as long as short