Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.004%

Price spread now: Gate against BloFin−0.506%78s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$609as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$6096.089% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.460%+$46 · spread now −0.506%, 7d avg −0.032%

Together, before fees+0.459%+$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.475% cheaper against BloFin than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of −0.032%). Swap the legs. The two prices were read 78 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	BloFin 0G-USDT	0.2370	0.0121	pay 0.0061% / 4h	1h 55m	$329K	$10K	50x
Short	Gate 0G_USDT	0.2358	0.0100	get 0.0100% / 8h	1h 55m	$592K	$188K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.506%Rate

Funding earned: −$4.5
Price spread: −0.506% → −0.032%: −$47.48
Slippage, 4 orders: −$581.92
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$660.9
Costs to cover: 6.089%
Break-even: never at this rate

Slippage from BloFin: live order book, 29 min ago; Gate: live order book, 50 min ago.

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 BloFin live order book, 29 min ago	4.31 bp	15.8 bp −$16	27.7 bp −$277	doesn't fit	doesn't fit
Sell Gate live order book, 50 min ago	4.29 bp	231.2 bp −$231	doesn't fit	doesn't fit	doesn't fit

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	−0.0598%	4h	0.2356	−0.591%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2355	−0.637%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2358	−0.514%	$17K	$44K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2357	−0.569%	$7.0M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2355	−0.633%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2356	−0.591%	$868K	$2.3M	20x	as long as short
Gate 0G_USDTshort	+0.0100%	8h	0.2358	−0.506%	$592K	$188K	50x
MEXC 0G_USDT	+0.0100%	4h	0.2357	−0.549%	$2.1M	$246K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2358	−0.494%	$2.3M	$2.3M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2357	−0.549%	$1.9M	$825K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2357	−0.549%	$31K	$59K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2354	−0.692%	$15K	$6K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2377	+0.295%	$17K	$621K	50x	as long as short
BloFin 0G-USDTlong	+0.0121%	4h	0.2370	long leg	$329K	$10K	50x
Hyperliquid 0G	+0.0298%	1h	0.2361	−0.392%	$2.5M	$456K	3x	as long as short
Lighter 0G	+0.0720%	1h	0.2362	−0.338%	$49K	$87K	3x	as long as short