Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against Bybit+0.174%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$940.944% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.174%, 7d avg +0.029%

Together, before fees−0.034%−$3 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: OKX is 0.144% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 0GUSDT	0.2305	0.0100	pay 0.0050% / 4h	1h 04m	$2.3M	$2.3M	50x
Short	OKX 0G-USDT-SWAP	0.2309	0.0100	get 0.0050% / 4h	1h 04m	$875K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.174%Rate

Funding earned: $0
Price spread: +0.174% → +0.029%: $14.4
Slippage, 4 orders: −$73.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$79.98
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from Bybit: live order book, 7 min ago; OKX: live order book, 2 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, 7 min ago	4.35 bp	25.3 bp −$25	228.3 bp −$2,283	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.17 bp	21.4 bp −$21	80.7 bp −$807	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	−0.0642%	4h	0.2307	+0.087%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2304	−0.036%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0089%	4h	0.2305	0.000%	$323K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2306	+0.042%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2306	+0.043%	$6.7M	$8.9M	50x	as long as short
Bybit 0GUSDTlong	+0.0100%	4h	0.2305	long leg	$2.3M	$2.3M	50x
OKX 0G-USDT-SWAPshort	+0.0100%	4h	0.2309	+0.174%	$875K	$2.3M	20x
Gate 0G_USDT	+0.0100%	8h	0.2303	−0.087%	$594K	$165K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2305	0.000%	$2.0M	$204K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2307	+0.087%	$1.8M	$657K	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	0.2307	+0.087%	$37K	$47K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2302	−0.144%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2303	−0.087%	$18K	$632K	50x	as long as short
KuCoin 0GUSDTM	+0.0182%	4h	0.2306	+0.039%	$2.4M	$2.6M	50x	as long as short
Hyperliquid 0G	+0.0718%	1h	0.2311	+0.239%	$2.4M	$502K	3x	as long as short
Lighter 0G	+0.0784%	1h	0.2309	+0.174%	$44K	$100K	3x	as long as short