Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.087%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$660.659% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.088%−$9 · spread now +0.087%, 7d avg −0.033%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.121% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 0GUSDT	0.2287	0.0100	pay 0.0050% / 4h	1h 06m	$2.4M	$2.1M	50x
Short	MEXC 0G_USDT	0.2289	0.0100	get 0.0050% / 4h	1h 06m	$2.0M	$216K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → −0.033%: $12.06
Slippage, 4 orders: −$50.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$53.79
Costs to cover: 0.659%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 3 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 Bybit live order book, 3 min ago	4.38 bp	23.2 bp −$23	54.9 bp −$549	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.19 bp	10.0 bp −$10	32.1 bp −$321	167.5 bp −$16.8K	270.4 bp −$135.2K

0G on 16 exchanges

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	−0.0380%	4h	0.2290	+0.131%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2289	+0.071%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0060%	4h	0.2292	+0.219%	$311K	$16K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0081%	1h	0.2290	+0.131%	$31K	$55K	5x	as long as short
Hyperliquid 0G	+0.0100%	1h	0.2294	+0.289%	$2.4M	$446K	3x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2289	+0.107%	$16K	$51K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2290	+0.131%	$6.6M	$7.9M	50x	as long as short
Bybit 0GUSDTlong	+0.0100%	4h	0.2287	long leg	$2.4M	$2.1M	50x
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2290	+0.131%	$844K	$2.1M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2289	+0.087%	$574K	$240K	50x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 0G_USDTshort	+0.0100%	4h	0.2289	+0.087%	$2.0M	$216K	50x
KuCoin 0GUSDTM	+0.0100%	4h	0.2291	+0.197%	$2.1M	$2.1M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2291	+0.175%	$1.9M	$777K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2278	−0.375%	$12K	$13K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2289	+0.083%	$17K	$628K	50x	as long as short
Lighter 0G	+0.0552%	1h	0.2294	+0.306%	$48K	$87K	3x	as long as short