Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%

Price spread now: Backpack against Binance+0.010%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Backpack

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 0GUSDT	0.2292	0.0100	pay 0.0050% / 4h	1h 34m	$6.7M	$8.9M	50x
Short	Backpack 0G_USDC_PERP	0.2292	0.0100	get 0.0013% / 1h	34m 11s	$37K	$48K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Binance. 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 BinancebpFee BackpackbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → 0.000%: $1.03
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$18.97
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 min ago; Backpack: 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 Binance live order book, 5 min ago	2.17 bp	15.8 bp −$16	46.6 bp −$466	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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	−0.0654%	4h	0.2292	+0.010%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2289	−0.123%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2290	−0.092%	$23K	$22K	5x	as long as short
Binance 0GUSDTlong	+0.0100%	4h	0.2292	long leg	$6.7M	$8.9M	50x
Bybit 0GUSDT	+0.0100%	4h	0.2290	−0.077%	$2.2M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2295	+0.141%	$875K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2289	−0.121%	$589K	$163K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2291	−0.033%	$2.0M	$202K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2292	+0.010%	$1.8M	$656K	50x	as long as short
Backpack 0G_USDC_PERPshort	+0.0100%	1h	0.2292	+0.010%	$37K	$48K	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	0.2294	+0.108%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2303	+0.512%	$18K	$630K	50x	as long as short
KuCoin 0GUSDTM	+0.0114%	4h	0.2292	+0.019%	$2.4M	$2.6M	50x	as long as short
BloFin 0G-USDT	+0.0142%	4h	0.2298	+0.272%	$324K	$9K	50x	as long as short
Hyperliquid 0G	+0.0680%	1h	0.2296	+0.184%	$2.4M	$513K	3x	as long as short
Lighter 0G	+0.0728%	1h	0.2295	+0.141%	$44K	$100K	3x	as long as short