Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0460%/8h= −50.4% APRpaid last 24h −0.040%

Price spread now: MEXC against Backpack+0.043%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 MEXC

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—needs both histories

The price spread pays, funding is against you. MEXC is 0.043% dearer against Backpack than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack 0G_USDC_PERP	0.2322	0.0560	pay 0.0070% / 1h	21m 03s	$31K	$54K	5x
Short	MEXC 0G_USDT	0.2323	0.0100	get 0.0050% / 4h	2h 21m	$2.1M	$200K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$96.67
Price spread: +0.043% → 0.000%: $4.31
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$106.37
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; MEXC: 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 MEXC live order book, 1 min ago	2.15 bp	7.0 bp −$7	24.2 bp −$242	159.7 bp −$16.0K	268.2 bp −$134.1K

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 15 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	−0.1826%	4h	0.2322	0.000%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2322	−0.010%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2322	−0.014%	$18K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2322	+0.016%	$6.8M	$9.4M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2322	0.000%	$2.3M	$2.5M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2323	+0.043%	$898K	$2.5M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2322	0.000%	$600K	$161K	50x	as long as short
MEXC 0G_USDTshort	+0.0100%	4h	0.2323	+0.043%	$2.1M	$200K	50x
KuCoin 0GUSDTM	+0.0100%	4h	0.2323	+0.060%	$2.4M	$2.5M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2321	−0.043%	$1.9M	$769K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2322	−0.018%	$13K	$4K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2322	0.000%	$18K	$627K	50x	as long as short
Backpack 0G_USDC_PERPlong	+0.0560%	1h	0.2322	long leg	$31K	$54K	5x
Hyperliquid 0G	+0.0802%	1h	0.2326	+0.168%	$2.5M	$525K	3x	as long as short
Lighter 0G	+0.0888%	1h	0.2328	+0.258%	$48K	$104K	3x	as long as short