Funding arb · Price arb /

OPG

all OPG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2031%/8h= +222.3% APRpaid last 24h +0.463%

Price spread now: Coinbase International against BloFin−0.929%7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Funding pays, the price is against you. Coinbase International is 0.929% cheaper against BloFin than usual: you would sell low and buy high (spread −0.929% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$93 on $10k: about 37 hours of funding at the current rate (+$61 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin OPG-USDT	0.1346	0.0129	pay 0.0065% / 4h	3h 54m	$228K	$76K	20x
Short	Coinbase International OPG-PERP-INTX	0.1333	0.2160	get 0.0270% / 1h	54m 55s	$33K	$32K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.929%Rate

Funding earned: $426.42
Price spread: −0.929% → 0.000%: −$92.87
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $311.56
Costs to cover: 0.220%
Break-even: 1.9 days

Slippage unknown: BloFin: live order book, 36 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 BloFin live order book, 36 min ago	14.98 bp	30.7 bp −$31	81.2 bp −$812	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 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
Gate OPG_USDT	−0.0264%	4h	0.1318	−2.080%	$320K	$889K	20x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1321	−1.849%	$6.3M	$35.4M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1319	−1.991%	$3.2M	$10.9M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1315	−2.340%	$547K	$13.5M	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1319	−2.006%	$474K	$769K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1320	−1.969%	$648K	$3.1M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1314	−2.377%	$856K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1320	−1.932%	—	$1.9M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1337	−0.638%	$287K	$498K	—	as long as short
Extended OPG-USD	+0.0104%	1h	0.1321	−1.850%	$4K	$95K	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-USDTlong	+0.0129%	4h	0.1346	long leg	$228K	$76K	20x
Aster OPGUSDT	+0.0259%	4h	0.1324	−1.669%	$437K	$165K	5x	as long as short
Coinbase International OPG-PERP-INTXshort	+0.2160%	1h	0.1333	−0.929%	$33K	$32K	50x