Funding arb · Price arb /

OPG

all OPG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.2732%/8h= +299.2% APRpaid last 24h +0.650%

Price spread now: Coinbase International against Binance+2.051%7-day average — · you sell dearer than you buy

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

Long on Binance 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—needs both histories

Both sides work for this trade now. Funding pays +$82 a day on $10k at the current rate, and Coinbase International is 2.051% dearer against Binance than usual: you sell high and buy low: +$205 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	Binance OPGUSDT	0.1362	0.0100	pay 0.0050% / 4h	1h 58m	$6.2M	$15.4M	20x
Short	Coinbase International OPG-PERP-INTX	0.1390	0.2832	get 0.0354% / 1h	58m 56s	$35K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +2.051%Rate

Funding earned: $573.72
Price spread: +2.051% → 0.000%: $205.05
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $758.77
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 5 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 Binance live order book, 5 min ago	3.66 bp	23.6 bp −$24	92.6 bp −$926	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 exchanges

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
Binance OPGUSDTlong	+0.0100%	4h	0.1362	long leg	$6.2M	$15.4M	20x
Bybit OPGUSDT	+0.0100%	4h	0.1360	−0.131%	$3.2M	$5.7M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1362	−0.006%	$582K	$5.9M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1363	+0.060%	$311K	$294K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1364	+0.133%	$472K	$368K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1363	+0.030%	$638K	$2.4M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1362	−0.014%	$845K	$1.9M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1361	−0.087%	—	$1.7M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1369	+0.528%	$283K	$176K	—	as long as short
Extended OPG-USD	+0.0104%	1h	0.1363	+0.084%	$966	$222K	5x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPG-USDT	+0.0116%	4h	0.1373	+0.794%	$232K	$40K	20x	as long as short
Aster OPGUSDT	+0.0469%	4h	0.1367	+0.338%	$458K	$104K	5x	as long as short
Coinbase International OPG-PERP-INTXshort	+0.2832%	1h	0.1390	+2.051%	$35K	$12K	50x