Funding arb · Price arb /

OPG

all OPG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1100%/8h= −120.4% APRpaid last 24h −0.445%

Price spread now: Binance against Coinbase International−2.331%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Binance

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

Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Binance is 2.331% cheaper against Coinbase International than usual: you would sell low and buy high (−$233 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International OPG-PERP-INTX	0.1343	0.1200	pay 0.0150% / 1h	42m 13s	$33K	$34K	50x
Short	Binance OPGUSDT	0.1312	0.0100	get 0.0050% / 4h	1h 42m	$6.2M	$34.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −2.331%Rate

Funding earned: −$231
Price spread: −2.331% → 0.000%: −$233.15
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$484.15
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 14 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	3.80 bp	34.1 bp −$34	140.5 bp −$1,405	doesn't fit	doesn't fit

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
BloFin OPG-USDT	+0.0050%	4h	0.1312	−2.340%	$222K	$70K	20x	as long as short
Binance OPGUSDTshort	+0.0100%	4h	0.1312	−2.331%	$6.2M	$34.5M	20x
Bybit OPGUSDT	+0.0100%	4h	0.1313	−2.265%	$3.2M	$10.6M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1313	−2.287%	$539K	$13.2M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1311	−2.414%	$320K	$882K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1313	−2.265%	$522K	$774K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1312	−2.317%	$645K	$3.0M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1312	−2.340%	$866K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1312	−2.340%	—	$1.9M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1308	−2.628%	$279K	$496K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended OPG-USD	+0.0104%	1h	0.1312	−2.373%	$2K	$96K	5x	as long as short
Aster OPGUSDT	+0.0339%	4h	0.1312	−2.322%	$433K	$159K	5x	as long as short
Coinbase International OPG-PERP-INTXlong	+0.1200%	1h	0.1343	long leg	$33K	$34K	50x