Settings8H · net · $10k
Funding arb · Price arb /

OPG

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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%
Price spread now: Extended against Binance+0.281%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1951.950% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.349%−$35 · spread now +0.281%, 7d avg −0.038%
Together, before fees−0.350%+ Points / potential airdropExtended: Active · farm board−$35 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: Extended is 0.319% dearer against Binance than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance OPGUSDT0.13030.0100pay 0.0050% / 4h1h 41m$6.1M$34.5M20x
ShortExtended OPG-USD0.13070.0104get 0.0013% / 1h41m 29s$2K$96K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: +0.281% → −0.038%
$31.94
Slippage, 4 orders
−$180.01
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$162.23
Costs to cover
1.950%
Break-even
1358.9 days
Slippage from Binance: live order book, 15 min ago; Extended: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 15 min ago3.80 bp36.3 bp −$36160.7 bp −$1,607doesn't fitdoesn't fit
Sell Extended live order book, 7 min ago8.03 bp65.2 bp −$65doesn't fitdoesn't fitdoesn't fit

OPG on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin OPG-USDT+0.0050%4h0.1312+0.691%$222K$70K20xas long as short
Binance OPGUSDTlong+0.0100%4h0.1303long leg$6.1M$34.5M20x
Bybit OPGUSDT+0.0100%4h0.1303−0.015%$3.1M$10.6M20xas long as short
OKX OPG-USDT-SWAP+0.0100%4h0.1303−0.031%$537K$13.1M20xas long as short
Gate OPG_USDT+0.0100%4h0.13030.000%$318K$882K20xas long as short
MEXC OPG_USDT+0.0100%4h0.1305+0.153%$519K$774K20xas long as short
KuCoin OPGUSDTM+0.0100%4h0.1308+0.391%$643K$3.0M20xas long as short
Bitget OPGUSDT+0.0100%4h0.1302−0.077%$859K$3.1M20xas long as short
BingX OPG-USDT+0.0100%4h0.1302−0.077%$1.9Mas long as short
Variational Omni OPG+0.0100%4h0.1308+0.393%$279K$496Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended OPG-USDshort+0.0104%1h0.1307+0.281%$2K$96K5x
Aster OPGUSDT+0.0345%4h0.1310+0.537%$432K$159K5xas long as short
Coinbase International OPG-PERP-INTX+0.1200%1h0.1343+3.103%$33K$34K50xas long as short