Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC−0.128%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$710.715% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.128%, 7d avg +0.032%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.160% cheaper against MEXC than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 0G_USDT	0.2336	0.0100	pay 0.0050% / 4h	3h 29m	$2.1M	$203K	50x
Short	Bybit 0GUSDT	0.2333	0.0100	get 0.0050% / 4h	3h 29m	$2.3M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.128%Rate

Funding earned: $0
Price spread: −0.128% → +0.032%: −$16.01
Slippage, 4 orders: −$56.46
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$87.46
Costs to cover: 0.715%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 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 MEXC live order book, 2 min ago	2.14 bp	8.2 bp −$8	30.0 bp −$300	171.7 bp −$17.2K	278.6 bp −$139.3K
Sell Bybit live order book, 2 min ago	4.29 bp	22.4 bp −$22	172.7 bp −$1,727	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	−0.1162%	4h	0.2337	+0.043%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2334	−0.095%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0097%	4h	0.2335	−0.043%	$328K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2334	−0.064%	$20K	$30K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2337	+0.043%	$6.9M	$9.1M	50x	as long as short
Bybit 0GUSDTshort	+0.0100%	4h	0.2333	−0.128%	$2.3M	$2.4M	50x
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2339	+0.128%	$875K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2335	−0.043%	$604K	$169K	50x	as long as short
MEXC 0G_USDTlong	+0.0100%	4h	0.2336	long leg	$2.1M	$203K	50x
KuCoin 0GUSDTM	+0.0100%	4h	0.2336	−0.021%	$2.4M	$2.5M	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	0.2335	−0.043%	$1.9M	$737K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2336	0.000%	$35K	$48K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2330	−0.251%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2336	−0.013%	$18K	$631K	50x	as long as short
Lighter 0G	+0.0368%	1h	0.2340	+0.171%	$45K	$100K	3x	as long as short
Hyperliquid 0G	+0.0649%	1h	0.2341	+0.227%	$2.5M	$515K	3x	as long as short