Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.084%

Price spread now: GMX against Variational Omni+0.196%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. GMX is 0.196% dearer against Variational Omni than usual: you sell high and buy low (spread +0.196% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni 0G	0.2331	0.0100	pay 0.0050% / 4h	3h 33m	$13K	$10K	—
Short	GMX 0G/USD [WBTC.b-USDC]	0.2336	L −0.0235% / S +0.0198%	pay 0.0025% / 1h	33m 52s	$2K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now +0.196%Rate

Funding earned: −$62.61
Price spread: +0.196% → 0.000%: $19.61
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$55
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; GMX: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Variational Omni and GMX: 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	−0.1080%	4h	0.2337	+0.251%	—	$6.6M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]short	L −0.0235% / S +0.0198%	1h	0.2336	+0.196%	$2K	—	100x
BloFin 0G-USDT	+0.0047%	4h	0.2339	+0.337%	$329K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2337	+0.249%	$20K	$30K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2337	+0.251%	$6.9M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2336	+0.209%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2338	+0.294%	$874K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2334	+0.123%	$604K	$169K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2337	+0.251%	$2.1M	$203K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2336	+0.209%	$1.9M	$739K	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	0.2338	+0.294%	$35K	$48K	5x	as long as short
Variational Omni 0Glong	+0.0100%	4h	0.2331	long leg	$13K	$10K	—
ApeX Omni 0GUSDT	+0.0100%	1h	0.2337	+0.251%	$18K	$631K	50x	as long as short
KuCoin 0GUSDTM	+0.0112%	4h	0.2338	+0.303%	$2.4M	$2.5M	50x	as long as short
Lighter 0G	+0.0320%	1h	0.2341	+0.423%	$45K	$100K	3x	as long as short
Hyperliquid 0G	+0.0558%	1h	0.2343	+0.487%	$2.5M	$514K	3x	as long as short