Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0492%/8h= −53.9% APRpaid last 24h −0.179%

Price spread now: Bybit against Lighter−0.215%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1661.659% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.513%−$51 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.215%, 7d avg −0.022%

Together, before fees−0.333%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bybit is 0.192% cheaper against Lighter than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 0G	0.2328	0.0592	pay 0.0074% / 1h	25m 24s	$44K	$100K	3x
Short	Bybit 0GUSDT	0.2323	0.0100	get 0.0050% / 4h	25m 24s	$2.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.215%Rate

Funding earned: −$103.32
Price spread: −0.215% → −0.022%: −$19.24
Slippage, 4 orders: −$154.93
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$288.48
Costs to cover: 1.659%
Break-even: never at this rate

Slippage from Lighter: live order book, 34 min ago; Bybit: live order book, 2 min ago.

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 live order book, 34 min ago	12.94 bp	49.2 bp −$49	120.2 bp −$1,202	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.46 bp	31.3 bp −$31	188.7 bp −$1,887	doesn't fit	doesn't fit

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	−0.0664%	4h	0.2324	−0.172%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2323	−0.230%	$2K	—	100x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2326	−0.066%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2324	−0.172%	$6.8M	$9.1M	50x	as long as short
Bybit 0GUSDTshort	+0.0100%	4h	0.2323	−0.215%	$2.3M	$2.3M	50x
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2325	−0.129%	$885K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2326	−0.086%	$600K	$172K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2323	−0.215%	$2.1M	$204K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2325	−0.129%	$1.9M	$714K	50x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2326	−0.097%	$13K	$10K	—	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	0.2319	−0.399%	$18K	$630K	50x	as long as short
BloFin 0G-USDT	+0.0110%	4h	0.2335	+0.301%	$330K	$9K	50x	as long as short
KuCoin 0GUSDTM	+0.0136%	4h	0.2327	−0.039%	$2.4M	$2.6M	50x	as long as short
Backpack 0G_USDC_PERP	+0.0206%	1h	0.2324	−0.172%	$38K	$47K	5x	as long as short
Hyperliquid 0G	+0.0580%	1h	0.2327	−0.043%	$2.5M	$504K	3x	as long as short
Lighter 0Glong	+0.0592%	1h	0.2328	long leg	$44K	$100K	3x