Funding arb · Price arb /

OPG

all OPG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.063%

Price spread now: BingX against Aster−0.228%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$1711.711% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.229%−$23 on $10k

Price spread, last 4 days (all we have)+0.353%+$35 · spread now −0.228%, 7d avg −0.052%

Together, before fees+0.124%+ Points / potential airdropAster: Stage 5 · farm board+$12 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: BingX is 0.176% cheaper against Aster than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster OPGUSDT	0.1341	0.0100	pay 0.0050% / 4h	14m 45s	$450K	$123K	5x
Short	BingX OPG-USDT	0.1338	0.0100	get 0.0050% / 4h	14m 45s	—	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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 AsterbpFee BingXbpOrdersPrice spread, now −0.228%Rate

Funding earned: $0
Price spread: −0.228% → −0.052%: −$17.59
Slippage, 4 orders: −$153.11
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$188.7
Costs to cover: 1.711%
Break-even: never at this rate

Slippage from Aster: live order book, 23 min ago; BingX: live order book, 8 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 Aster live order book, 23 min ago	11.23 bp	54.2 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	11.32 bp	36.4 bp −$36	100.3 bp −$1,003	956.3 bp −$95.6K	doesn't fit

OPG on 13 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
BloFin OPG-USDT	+0.0069%	4h	0.1344	+0.219%	$225K	$55K	20x	as long as short
Aster OPGUSDTlong	+0.0100%	4h	0.1341	long leg	$450K	$123K	5x
Binance OPGUSDT	+0.0100%	4h	0.1337	−0.278%	$6.2M	$21.6M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1337	−0.310%	$3.1M	$7.3M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1339	−0.154%	$564K	$9.5M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1337	−0.303%	$322K	$443K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1336	−0.377%	$464K	$675K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1337	−0.273%	$635K	$2.5M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1338	−0.228%	$842K	$2.2M	20x	as long as short
BingX OPG-USDTshort	+0.0100%	4h	0.1338	−0.228%	—	$1.8M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni OPG	+0.0100%	4h	0.1336	−0.370%	$276K	$285K	—	as long as short
Extended OPG-USD	+0.0104%	1h	0.1337	−0.306%	$3K	$210K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2544%	1h	0.1371	+2.230%	$33K	$21K	50x	as long as short