0G arbitrage explained
Right now 0G trades on 10 venues we scan: 10 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.3093 and the highest bid on Hyperliquid perp at $0.3096.
The widest 0G perpetual spread is between Bybit and Hyperliquid: long 0G on Bybit at $0.3093 and short on Hyperliquid at $0.3096 for +0.11% gross, or -0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best 0G route is to buy spot on Bybit and short the perpetual on Hyperliquid: +0.01% gross, -0.19% net, with +0.030% a day of funding on the short leg.
Spot–spot 0G arbitrage (buy on Bybit, withdraw, deposit and sell on Binance) shows -0.03% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small 0G gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: 0G funding rates · 0G spread charts · 0G price · arbitrage scanner for all coins.