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: Aster against Binance+0.279%7-day average +0.035% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1631.626% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.252%+$25 on $10k

Price spread, last 4 days (all we have)−0.336%−$34 · spread now +0.279%, 7d avg +0.035%

Together, before fees−0.084%+ Points / potential airdropAster: Stage 5 · farm board−$8 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: Aster is 0.244% dearer against Binance than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance OPGUSDT	0.1337	0.0100	pay 0.0050% / 4h	14m 46s	$6.2M	$21.6M	20x
Short	Aster OPGUSDT	0.1341	0.0100	get 0.0050% / 4h	14m 46s	$450K	$123K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.279%Rate

Funding earned: $0
Price spread: +0.279% → +0.035%: $24.39
Slippage, 4 orders: −$144.56
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$138.18
Costs to cover: 1.626%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Aster: live order book, 23 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 Binance live order book, 11 min ago	3.77 bp	31.2 bp −$31	149.4 bp −$1,494	doesn't fit	doesn't fit
Sell Aster live order book, 23 min ago	11.23 bp	48.2 bp −$48	doesn't fit	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	+0.0069%	4h	0.1344	+0.499%	$225K	$55K	20x	as long as short
Aster OPGUSDTshort	+0.0100%	4h	0.1341	+0.279%	$450K	$123K	5x
Binance OPGUSDTlong	+0.0100%	4h	0.1337	long leg	$6.2M	$21.6M	20x
Bybit OPGUSDT	+0.0100%	4h	0.1337	−0.032%	$3.1M	$7.3M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1339	+0.125%	$564K	$9.5M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1337	−0.025%	$322K	$443K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1336	−0.099%	$464K	$675K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1337	+0.005%	$635K	$2.5M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1338	+0.050%	$842K	$2.2M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1338	+0.050%	—	$1.8M	—	as long as short

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	−0.093%	$276K	$285K	—	as long as short
Extended OPG-USD	+0.0104%	1h	0.1337	−0.028%	$3K	$210K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2544%	1h	0.1371	+2.515%	$33K	$21K	50x	as long as short