Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h +0.095%

Price spread now: OKX against GMX−0.111%142s7-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 OKX

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. OKX is 0.111% cheaper against GMX than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 26 hours of funding at the current rate (+$10 a day). The two prices were read 142 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	GMX 0G/USD [WBTC.b-USDC]	0.2358	L −0.0235% / S +0.0198%	get 0.0029% / 1h	28m 55s	$2K	—	100x
Short	OKX 0G-USDT-SWAP	0.2355	0.0100	get 0.0050% / 4h	1h 28m	$864K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.111%Rate

Funding earned: $70.34
Price spread: −0.111% → 0.000%: −$11.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $37.26
Costs to cover: 0.220%
Break-even: 3.3 days

Slippage unknown: GMX: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	4.24 bp	20.3 bp −$20	328.5 bp −$3,285	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	−0.0542%	4h	0.2353	−0.196%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]long	L −0.0235% / S +0.0198%	1h	0.2358	long leg	$2K	—	100x
BloFin 0G-USDT	+0.0057%	4h	0.2358	+0.017%	$327K	$10K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2355	−0.111%	$17K	$46K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2353	−0.196%	$6.9M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2354	−0.153%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAPshort	+0.0100%	4h	0.2355	−0.111%	$864K	$2.3M	20x
Gate 0G_USDT	+0.0100%	8h	0.2356	−0.068%	$589K	$195K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2353	−0.196%	$2.1M	$249K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2356	−0.077%	$2.3M	$2.3M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget 0GUSDT	+0.0100%	4h	0.2355	−0.111%	$1.9M	$825K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2355	−0.111%	$31K	$60K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2356	−0.086%	$15K	$7K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2357	−0.034%	$17K	$622K	50x	as long as short
Hyperliquid 0G	+0.0661%	1h	0.2359	+0.038%	$2.5M	$450K	3x	as long as short
Lighter 0G	+0.0704%	1h	0.2362	+0.186%	$49K	$88K	3x	as long as short