Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h +0.031%

Price spread now: Backpack against KuCoin+0.073%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

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. Backpack is 0.073% dearer against KuCoin than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 33 hours. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 0GUSDTM	0.2338	0.0278	pay 0.0139% / 4h	3h 26m	$2.3M	$2.4M	50x
Short	Backpack 0G_USDC_PERP	0.2340	0.0100	get 0.0013% / 1h	26m 36s	$32K	$54K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against KuCoin. 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 KuCoinbpFee BackpackbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$37.38
Price spread: +0.073% → 0.000%: $7.27
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$52.11
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Backpack: no order-book sample. 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 KuCoin live order book, 5 min ago	2.78 bp	27.4 bp −$27	324.9 bp −$3,249	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: 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	−0.0702%	4h	0.2336	−0.098%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2337	−0.050%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2336	−0.103%	$17K	$41K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2338	−0.013%	$6.9M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2336	−0.098%	$2.4M	$2.2M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2337	−0.056%	$874K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2334	−0.184%	$603K	$153K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2339	+0.030%	$2.1M	$238K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2338	−0.013%	$1.9M	$806K	50x	as long as short
Backpack 0G_USDC_PERPshort	+0.0100%	1h	0.2340	+0.073%	$32K	$54K	5x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2338	−0.009%	$13K	$4K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2339	+0.017%	$18K	$619K	50x	as long as short
BloFin 0G-USDT	+0.0101%	4h	0.2338	−0.013%	$330K	$9K	50x	as long as short
KuCoin 0GUSDTMlong	+0.0278%	4h	0.2338	long leg	$2.3M	$2.4M	50x
Hyperliquid 0G	+0.0600%	1h	0.2341	+0.098%	$2.5M	$479K	3x	as long as short
Lighter 0G	+0.1352%	1h	0.2344	+0.244%	$49K	$87K	3x	as long as short