Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.100%

Price spread now: BingX against GMX+0.071%7-day average — · you sell dearer than you buy

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

Long on GMX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. BingX is 0.071% dearer against GMX than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX 0G/USD [WBTC.b-USDC]	0.2345	L −0.0235% / S +0.0198%	get 0.0029% / 1h	42m 01s	$2K	—	100x
Short	BingX 0G-USDT	0.2347	−0.0338	pay 0.0169% / 4h	2h 42m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$21.64
Price spread: +0.071% → 0.000%: $7.12
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$36.52
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: live order book, 6 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 6 min ago	4.27 bp	17.8 bp −$18	48.4 bp −$484	335.3 bp −$33.5K	doesn't fit

GMX: 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 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-USDTshort	−0.0338%	4h	0.2347	+0.071%	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]long	L −0.0235% / S +0.0198%	1h	0.2345	long leg	$2K	—	100x
Backpack 0G_USDC_PERP	−0.0139%	1h	0.2347	+0.071%	$32K	$60K	5x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2347	+0.073%	$17K	$50K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2347	+0.073%	$6.9M	$8.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2344	−0.057%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2347	+0.071%	$859K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2344	−0.057%	$596K	$206K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2347	+0.071%	$2.1M	$239K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2347	+0.071%	$2.2M	$2.1M	50x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget 0GUSDT	+0.0100%	4h	0.2347	+0.071%	$1.9M	$785K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2344	−0.077%	$16K	$9K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2346	+0.029%	$18K	$627K	50x	as long as short
BloFin 0G-USDT	+0.0159%	4h	0.2349	+0.156%	$326K	$16K	50x	as long as short
Hyperliquid 0G	+0.0281%	1h	0.2351	+0.242%	$2.5M	$419K	3x	as long as short
Lighter 0G	+0.0696%	1h	0.2351	+0.242%	$49K	$86K	3x	as long as short