Funding arb · Price arb /

OPG

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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: Variational Omni against Aster−0.158%7-day average −0.031% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.249%−$25 on $10k

Price spread, last 4 days (all we have)+0.285%+$28 · spread now −0.158%, 7d avg −0.031%

Together, before fees+0.036%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$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: Variational Omni is 0.128% cheaper against Aster than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster OPGUSDT	0.1321	0.0100	pay 0.0050% / 4h	1h 04m	$444K	$157K	5x
Short	Variational Omni OPG	0.1319	0.0100	get 0.0050% / 4h	1h 04m	$277K	$302K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → −0.031%: −$12.79
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20.79
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 38 min ago; Variational Omni: RFQ quote, 40 min ago. 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, 38 min ago	52.28 bp	892.5 bp −$892	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 40 min ago	11.27 bp	doesn't fit	379.3 bp −$3,793	doesn't fit	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	+0.0048%	4h	0.1319	−0.133%	$220K	$63K	20x	as long as short
Aster OPGUSDTlong	+0.0100%	4h	0.1321	long leg	$444K	$157K	5x
Binance OPGUSDT	+0.0100%	4h	0.1317	−0.285%	$6.1M	$30.3M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1315	−0.451%	$3.1M	$9.5M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1315	−0.421%	$559K	$12.8M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1318	−0.209%	$323K	$779K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1317	−0.285%	$461K	$712K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1318	−0.247%	$625K	$2.8M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1317	−0.285%	$839K	$2.8M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1318	−0.209%	—	$1.9M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni OPGshort	+0.0100%	4h	0.1319	−0.158%	$277K	$302K	—
Extended OPG-USD	+0.0104%	1h	0.1317	−0.314%	$2K	$213K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2824%	1h	0.1323	+0.133%	$32K	$26K	50x	as long as short