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

OPG

all OPG markets
SwapBacktest
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: KuCoin against Bitget−0.174%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$880as in the Funding arb table
Net, price: spread back to 7d avg − costs−$891as in the Price arb table
costs, in and out, $10k−$8808.802% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.062%+$6 · spread now −0.174%, 7d avg −0.064%
Together, before fees+0.062%+$6 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: KuCoin is 0.110% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPGUSDT0.13220.0100pay 0.0050% / 4h1h 35m$845K$2.9M20x
ShortKuCoin OPGUSDTM0.13200.0100get 0.0050% / 4h1h 35m$630K$2.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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
Price spread: −0.174% → −0.064%
−$10.98
Slippage, 4 orders
−$856.19
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$891.17
Costs to cover
8.802%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 2 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 Bitget live order book, 2 min ago11.32 bp51.6 bp −$52275.8 bp −$2,758doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago10.61 bp385.7 bp −$386doesn'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+0.0088%4h0.1327+0.378%$223K$71K20xas long as short
Aster OPGUSDT+0.0100%4h0.1325+0.264%$445K$160K5xas long as short
Binance OPGUSDT+0.0100%4h0.1322−0.025%$6.2M$31.6M20xas long as short
Bybit OPGUSDT+0.0100%4h0.1320−0.144%$3.1M$10.0M20xas long as short
OKX OPG-USDT-SWAP+0.0100%4h0.1323+0.061%$560K$13.1M20xas long as short
Gate OPG_USDT+0.0100%4h0.1320−0.151%$324K$777K20xas long as short
MEXC OPG_USDT+0.0100%4h0.1321−0.076%$467K$710K20xas long as short
KuCoin OPGUSDTMshort+0.0100%4h0.1320−0.174%$630K$2.9M20x
Bitget OPGUSDTlong+0.0100%4h0.1322long leg$845K$2.9M20x
BingX OPG-USDT+0.0100%4h0.13220.000%$1.9Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni OPG+0.0100%4h0.1320−0.184%$280K$432Kas long as short
Extended OPG-USD+0.0104%1h0.1321−0.071%$2K$212K5xas long as short
Coinbase International OPG-PERP-INTX+0.2824%1h0.1360+2.885%$33K$28K50xas long as short