Funding arb · Price arb /

0G

all 0G markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0564%/8h= −61.8% APRpaid last 24h −0.168%

Price spread now: KuCoin against Lighter−0.174%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1551.552% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.460%−$46 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.174%, 7d avg −0.020%

Together, before fees−0.407%+ Points / potential airdropLighter: Season 3 · farm board−$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and KuCoin is 0.154% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 0G	0.2303	0.0704	pay 0.0088% / 1h	23m 52s	$44K	$100K	3x
Short	KuCoin 0GUSDTM	0.2299	0.0140	get 0.0070% / 4h	1h 23m	$2.4M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.174%Rate

Funding earned: −$118.44
Price spread: −0.174% → −0.020%: −$15.4
Slippage, 4 orders: −$143.24
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$289.08
Costs to cover: 1.552%
Break-even: never at this rate

Slippage from Lighter: live order book, 49 min ago; KuCoin: live order book, 3 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, 49 min ago	10.78 bp	42.9 bp −$43	107.1 bp −$1,071	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.53 bp	22.5 bp −$22	358.0 bp −$3,580	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	−0.0658%	4h	0.2299	−0.174%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2298	−0.201%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0091%	4h	0.2295	−0.347%	$324K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2298	−0.228%	$23K	$22K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2300	−0.130%	$6.7M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2297	−0.261%	$2.3M	$2.3M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2300	−0.130%	$874K	$2.3M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2294	−0.391%	$591K	$164K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2299	−0.174%	$2.0M	$203K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2301	−0.087%	$1.8M	$658K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2300	−0.130%	$37K	$48K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2292	−0.490%	$12K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2296	−0.304%	$18K	$630K	50x	as long as short
KuCoin 0GUSDTMshort	+0.0140%	4h	0.2299	−0.174%	$2.4M	$2.6M	50x
Lighter 0Glong	+0.0704%	1h	0.2303	long leg	$44K	$100K	3x
Hyperliquid 0G	+0.0819%	1h	0.2302	−0.056%	$2.4M	$508K	3x	as long as short