Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0964%/8h= −105.6% APRpaid last 24h −0.404%

Price spread now: BingX against Lighter−0.213%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−3.359%−$336 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and BingX is 0.213% cheaper against Lighter than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 0G	0.2346	0.0584	pay 0.0073% / 1h	31m 06s	$49K	$87K	3x
Short	BingX 0G-USDT	0.2341	−0.0380	pay 0.0190% / 4h	3h 31m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Lighter. 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 LighterbpFee BingXbpOrdersPrice spread, now −0.213%Rate

Funding earned: −$202.44
Price spread: −0.213% → 0.000%: −$21.31
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$233.75
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; BingX: live order book, 4 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 Lighter no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	6.37 bp	20.3 bp −$20	46.3 bp −$463	373.1 bp −$37.3K	doesn't fit

Lighter: 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-USDTshort	−0.0380%	4h	0.2341	−0.213%	—	$6.5M	—
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2341	−0.227%	$2K	—	100x	as long as short
Backpack 0G_USDC_PERP	+0.0054%	1h	0.2343	−0.128%	$34K	$61K	5x	as long as short
BloFin 0G-USDT	+0.0091%	4h	0.2340	−0.256%	$324K	$10K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2341	−0.201%	$16K	$49K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2342	−0.171%	$6.9M	$8.6M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2341	−0.213%	$2.4M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2342	−0.171%	$864K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2340	−0.256%	$596K	$211K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2341	−0.213%	$2.1M	$250K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin 0GUSDTM	+0.0100%	4h	0.2342	−0.153%	$2.2M	$2.2M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2343	−0.128%	$1.9M	$801K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2353	+0.282%	$15K	$7K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2343	−0.136%	$18K	$628K	50x	as long as short
Hyperliquid 0G	+0.0361%	1h	0.2346	+0.013%	$2.5M	$441K	3x	as long as short
Lighter 0Glong	+0.0584%	1h	0.2346	long leg	$49K	$87K	3x