Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h +0.095%

Price spread now: Gate against GMX−0.051%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Gate is 0.051% cheaper against GMX than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX 0G/USD [WBTC.b-USDC]	0.2329	L −0.0235% / S +0.0198%	get 0.0029% / 1h	11m 02s	$2K	—	100x
Short	Gate 0G_USDT	0.2328	0.0100	get 0.0100% / 8h	5h 11m	$603K	$147K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: $70.34
Price spread: −0.051% → 0.000%: −$5.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $38.27
Costs to cover: 0.270%
Break-even: 3.2 days

Slippage unknown: GMX: no order-book sample; Gate: live order book, 50 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 Gate live order book, 50 min ago	4.33 bp	288.2 bp −$288	doesn't fit	doesn't fit	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 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	−0.0784%	4h	0.2334	+0.207%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]long	L −0.0235% / S +0.0198%	1h	0.2329	long leg	$2K	—	100x
Aster 0GUSDT	+0.0100%	4h	0.2329	+0.007%	$16K	$43K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2334	+0.207%	$6.9M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2330	+0.035%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2335	+0.250%	$900K	$2.3M	20x	as long as short
Gate 0G_USDTshort	+0.0100%	8h	0.2328	−0.051%	$603K	$147K	50x
MEXC 0G_USDT	+0.0100%	4h	0.2334	+0.207%	$2.0M	$194K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2332	+0.121%	$1.9M	$711K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2329	−0.027%	$13K	$3K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni 0GUSDT	+0.0100%	1h	0.2331	+0.078%	$18K	$622K	50x	as long as short
BloFin 0G-USDT	+0.0105%	4h	0.2332	+0.121%	$330K	$9K	50x	as long as short
KuCoin 0GUSDTM	+0.0116%	4h	0.2331	+0.095%	$2.4M	$2.4M	50x	as long as short
Backpack 0G_USDC_PERP	+0.0591%	1h	0.2334	+0.207%	$33K	$48K	5x	as long as short
Hyperliquid 0G	+0.0796%	1h	0.2337	+0.340%	$2.5M	$494K	3x	as long as short
Lighter 0G	+0.1608%	1h	0.2338	+0.379%	$49K	$104K	3x	as long as short