Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1628%/8h= +178.3% APRpaid last 24h +0.432%

Price spread now: Lighter against BingX+0.216%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+3.310%+$331 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$49 a day on $10k at the current rate, and Lighter is 0.216% dearer against BingX than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 0G-USDT	0.2314	−0.0636	get 0.0318% / 4h	2h 31m	—	$6.5M	—
Short	Lighter 0G	0.2319	0.0992	get 0.0124% / 1h	31m 09s	$48K	$87K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.216%Rate

Funding earned: $341.88
Price spread: +0.216% → 0.000%: $21.61
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $353.49
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 5 min ago; Lighter: 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 BingX live order book, 5 min ago	6.45 bp	19.3 bp −$19	47.4 bp −$474	771.7 bp −$77.2K	1379.8 bp −$689.9K
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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-USDTlong	−0.0636%	4h	0.2314	long leg	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2312	−0.088%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2314	−0.002%	$16K	$42K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2314	0.000%	$6.8M	$8.3M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2311	−0.130%	$2.3M	$2.2M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2314	0.000%	$855K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2312	−0.086%	$585K	$178K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2314	0.000%	$2.1M	$246K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2315	+0.043%	$1.9M	$802K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2315	+0.043%	$32K	$58K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2323	+0.373%	$14K	$6K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2310	−0.173%	$18K	$620K	50x	as long as short
KuCoin 0GUSDTM	+0.0128%	4h	0.2313	−0.039%	$2.3M	$2.3M	50x	as long as short
BloFin 0G-USDT	+0.0144%	4h	0.2314	0.000%	$325K	$10K	50x	as long as short
Hyperliquid 0G	+0.0714%	1h	0.2319	+0.220%	$2.5M	$455K	3x	as long as short
Lighter 0Gshort	+0.0992%	1h	0.2319	+0.216%	$48K	$87K	3x