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

OPG

all OPG markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0153%/8h= +16.7% APRnext payment +$0.76 per $10,000 · paid last 24h +0.123%
Price spread now: Aster against Bybit+0.286%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2872.866% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.369%+$37 on $10k
Price spread, last 4 days (all we have)−0.346%−$35 · spread now +0.286%, 7d avg +0.074%
Together, before fees+0.023%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.212% dearer against Bybit than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.074%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit OPGUSDT0.13260.0100pay 0.0050% / 4h2h 31m$3.2M$10.5M20x
ShortAster OPGUSDT0.13290.0252get 0.0126% / 4h2h 31m$439K$159K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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
$32.03
Price spread: +0.286% → +0.074%
$21.21
Slippage, 4 orders
−$267.58
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$233.35
Costs to cover
2.866%
Break-even
58.0 days
Slippage from Bybit: live order book, 2 min ago; Aster: live order book, 36 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 Bybit live order book, 2 min ago3.37 bp97.7 bp −$981187.5 bp −$11.9Kdoesn't fitdoesn't fit
Sell Aster live order book, 36 min ago15.19 bp47.7 bp −$48doesn't fitdoesn't fitdoesn't fit

OPG on 12 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
Gate OPG_USDT+0.0062%4h0.1325−0.053%$323K$880K20xas long as short
Binance OPGUSDT+0.0100%4h0.1326+0.023%$6.3M$34.1M20xas long as short
Bybit OPGUSDTlong+0.0100%4h0.1326long leg$3.2M$10.5M20x
OKX OPG-USDT-SWAP+0.0100%4h0.1329+0.219%$556K$13.3M20xas long as short
MEXC OPG_USDT+0.0100%4h0.1326+0.023%$489K$777K20xas long as short
KuCoin OPGUSDTM+0.0100%4h0.1327+0.113%$659K$3.0M20xas long as short
Bitget OPGUSDT+0.0100%4h0.1326+0.023%$890K$3.0M20xas long as short
BingX OPG-USDT+0.0100%4h0.1326+0.023%$1.9Mas long as short
Variational Omni OPG+0.0100%4h0.1329+0.248%$283K$495Kas long as short
Extended OPG-USD+0.0104%1h0.1327+0.072%$946$101K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPGUSDTshort+0.0252%4h0.1329+0.286%$439K$159K5x
Coinbase International OPG-PERP-INTX+0.1104%1h0.1336+0.775%$32K$34K50xas long as short