Funding arb · Price arb /

OPG

all OPG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0867%/8h= +95.0% APRpaid last 24h +0.360%

Price spread now: Coinbase International against Aster+2.396%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Coinbase International is 2.396% dearer against Aster than usual: you sell high and buy low: +$240 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster OPGUSDT	0.1312	0.0333	pay 0.0166% / 4h	1h 42m	$433K	$159K	5x
Short	Coinbase International OPG-PERP-INTX	0.1343	0.1200	get 0.0150% / 1h	42m 58s	$33K	$34K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +2.396%Rate

Funding earned: $182.14
Price spread: +2.396% → 0.000%: $239.56
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $403.7
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: live order book, 19 min ago; Coinbase International: 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 Aster live order book, 19 min ago	11.38 bp	62.0 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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.

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	+0.0050%	4h	0.1312	0.000%	$222K	$70K	20x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1312	0.000%	$6.2M	$34.5M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1313	+0.107%	$3.2M	$10.6M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1314	+0.175%	$540K	$13.2M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1311	−0.076%	$320K	$882K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1313	+0.076%	$522K	$774K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1313	+0.046%	$643K	$3.0M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1312	0.000%	$866K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1314	+0.152%	—	$1.9M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1308	−0.296%	$279K	$496K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended OPG-USD	+0.0104%	1h	0.1312	−0.027%	$2K	$96K	5x	as long as short
Aster OPGUSDTlong	+0.0333%	4h	0.1312	long leg	$433K	$159K	5x
Coinbase International OPG-PERP-INTXshort	+0.1200%	1h	0.1343	+2.396%	$33K	$34K	50x