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

OPG

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotOPGUSDT
0.1155spotno funding——$189K1xBuy Bybit Spot
SHORT
BybitOPGUSDT
0.1154+0.0100get 0.0050% / 4h2h 04m$1.4M$222K20xShort Bybit
Price gap−0.087%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.090% under its 7d average: −$9 if it goes back, about 3.0 days of funding. At the last 7 days' pace that is about 6.9 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$9+0.0100% /8h now · paid +0.092% over the last 7D
Price−$9spread −0.087% now, avg +0.003% → −0.090% if it goes back
Costs−$8818.815% of $10k · taker + slippage, in and out
Result−$881−8.81%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.087%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

OPG on 13 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size184.1 / 85.2 bp
    At $10k entering Bybit Spot costs 184.1 bp, fee and slippage, 2.2× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; Bybit runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Bybit settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.087% vs +0.003%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$1.4M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0044%/8h × 21 periods+$9.16
Price spread−0.087% → +0.003% (7d avg)−$8.98
Slippage, 4 orderslive order books−$850.46
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$881.27
Costs to cover8.815%Break-even680.2 days
Slippage: Bybit Spot: live order book, 55 min ago; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot8.70184.1 bp−$184doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit5.6285.2 bp−$85doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

OPG news

posts that mention OPG, from every exchange
09-28 14:42DeribitListing🚨 Pre-IPO Anthropic, POL & OPG USDC Perpetuals. Now Live Deribit has launched the following USDC-settled perpetual markets: ANTH_USDC | POL_USDC | OPG_USDC Read more 👉 Disclaimer: Deribit FZE is authorised and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. Availability of products and services is subject to applicable regulatory requirements and investor classification. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Deribit does not endorse, sponsor, or have any affiliation with Anthropic. Any use of a referenced company’s name or marks is nominative and limited to what is necessary to identify the relevant category. @DeribitOfficial on X ↗
09-28 13:02DeribitListingnew market OPG_USDC-PERPETUAL ($OPG) seen by our collector