Funding arb · Price arb /

OPG

all OPG markets

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 +0.034%

Price spread now: Variational Omni against Bybit−0.410%7-day average +0.070% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)+0.492%+$49 · spread now −0.410%, 7d avg +0.070%

Together, before fees+0.548%+ Points / potential airdropVariational Omni: Active · farm board+$55 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 0.480% cheaper against Bybit than usual: you would sell low and buy high, −$48 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit OPGUSDT	0.1313	0.0100	pay 0.0050% / 4h	1h 42m	$3.2M	$10.6M	20x
Short	Variational Omni OPG	0.1308	0.0100	get 0.0050% / 4h	1h 42m	$279K	$496K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee BybitbpFee Variational OmnibpOrdersPrice spread, now −0.410%Rate

Funding earned: $0
Price spread: −0.410% → +0.070%: −$48
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$59
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 6 min ago; Variational Omni: RFQ quote, 21 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 Bybit live order book, 6 min ago	0.76 bp	93.3 bp −$93	1510.2 bp −$15.1K	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 21 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
BloFin OPG-USDT	+0.0050%	4h	0.1312	−0.114%	$222K	$70K	20x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1313	−0.038%	$6.2M	$34.5M	20x	as long as short
Bybit OPGUSDTlong	+0.0100%	4h	0.1313	long leg	$3.2M	$10.6M	20x
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1313	−0.023%	$540K	$13.2M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1311	−0.190%	$320K	$882K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1313	−0.038%	$522K	$774K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1312	−0.091%	$645K	$3.0M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1313	−0.038%	$866K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1313	−0.038%	—	$1.9M	—	as long as short
Variational Omni OPGshort	+0.0100%	4h	0.1308	−0.410%	$279K	$496K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended OPG-USD	+0.0104%	1h	0.1313	−0.065%	$2K	$96K	5x	as long as short
Aster OPGUSDT	+0.0339%	4h	0.1312	−0.096%	$433K	$159K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.1200%	1h	0.1343	+2.279%	$33K	$34K	50x	as long as short