Funding arb · Price arb /

OPG

all OPG markets

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 0.000%

Price spread now: Variational Omni against Binance+0.036%7-day average +0.012% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.036%, 7d avg +0.012%

Together, before fees−0.031%+ Points / potential airdropVariational Omni: Active · farm board−$3 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 0.024% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance OPGUSDT	0.1300	0.0100	pay 0.0050% / 4h	3h 12m	$6.1M	$35.8M	20x
Short	Variational Omni OPG	0.1300	0.0100	get 0.0050% / 4h	3h 12m	$280K	$498K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.012%: $2.43
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.57
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; Variational Omni: RFQ quote, 41 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 Binance live order book, 14 min ago	3.79 bp	26.9 bp −$27	185.4 bp −$1,854	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 41 min ago	7.63 bp	doesn't fit	366.1 bp −$3,661	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	+0.0079%	4h	0.1303	+0.231%	$223K	$73K	20x	as long as short
Bybit OPGUSDT	+0.0091%	4h	0.1300	−0.008%	$3.1M	$10.9M	20x	as long as short
Binance OPGUSDTlong	+0.0100%	4h	0.1300	long leg	$6.1M	$35.8M	20x
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1302	+0.154%	$556K	$13.5M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1300	0.000%	$315K	$896K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1300	0.000%	$464K	$773K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1300	+0.023%	$633K	$3.1M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1301	+0.077%	$835K	$3.2M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1299	−0.077%	—	$1.9M	—	as long as short
Variational Omni OPGshort	+0.0100%	4h	0.1300	+0.036%	$280K	$498K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended OPG-USD	+0.0104%	1h	0.1301	+0.048%	$1K	$100K	5x	as long as short
Aster OPGUSDT	+0.0145%	4h	0.1307	+0.531%	$431K	$165K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2160%	1h	0.1349	+3.792%	$33K	$33K	50x	as long as short