Funding arb · Price arb /

OPG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bitget−0.296%7-day average +0.012% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.360%+$36 · spread now −0.296%, 7d avg +0.012%

Together, before fees+0.360%+ Points / potential airdropVariational Omni: Active · farm board+$36 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 0.308% cheaper against Bitget than usual: you would sell low and buy high, −$31 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	Bitget OPGUSDT	0.1312	0.0100	pay 0.0050% / 4h	1h 44m	$866K	$3.1M	20x
Short	Variational Omni OPG	0.1308	0.0100	get 0.0050% / 4h	1h 44m	$279K	$496K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.296%Rate

Funding earned: $0
Price spread: −0.296% → +0.012%: −$30.75
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$42.75
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Variational Omni: RFQ quote, 20 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 Bitget live order book, 3 min ago	3.83 bp	36.1 bp −$36	173.4 bp −$1,734	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 20 min ago	11.37 bp	doesn't fit	428.2 bp −$4,282	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
Binance OPGUSDT	+0.0100%	4h	0.1312	+0.008%	$6.2M	$34.5M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1313	+0.091%	$3.2M	$10.6M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1315	+0.213%	$540K	$13.3M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1311	−0.076%	$320K	$882K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1312	0.000%	$522K	$774K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1312	+0.015%	$643K	$3.0M	20x	as long as short
Bitget OPGUSDTlong	+0.0100%	4h	0.1312	long leg	$866K	$3.1M	20x
BingX OPG-USDT	+0.0100%	4h	0.1314	+0.152%	—	$1.9M	—	as long as short
Variational Omni OPGshort	+0.0100%	4h	0.1308	−0.296%	$279K	$496K	—
Extended OPG-USD	+0.0104%	1h	0.1313	+0.050%	$2K	$96K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPG-USDT	+0.0157%	4h	0.1307	−0.381%	$221K	$69K	20x	as long as short
Aster OPGUSDT	+0.0306%	4h	0.1312	+0.008%	$433K	$159K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.1200%	1h	0.1343	+2.396%	$33K	$34K	50x	as long as short