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

OPG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.1760%/8h= −192.7% APRnext payment $2.20 per $10,000 · paid last 24h −0.462%
Price spread now: Extended against Coinbase International−2.077%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$53 a day on $10k at the current rate, and Extended is 2.077% cheaper against Coinbase International than usual: you would sell low and buy high (−$208 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International OPG-PERP-INTX0.13520.1864pay 0.0233% / 1h51m 18s$33K$33K50x
ShortExtended OPG-USD0.13240.0104get 0.0013% / 1h51m 18s$4K$96K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$369.6
Price spread: −2.077% → 0.000%
−$207.69
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$592.29
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; Extended: live order book, 57 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Extended live order book, 57 min ago8.03 bp65.2 bp −$65doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin OPG-USDT+0.0088%4h0.1324−2.050%$220K$73K20xas long as short
Binance OPGUSDT+0.0100%4h0.1324−2.050%$6.3M$34.9M20xas long as short
Bybit OPGUSDT+0.0100%4h0.1323−2.117%$3.2M$10.8M20xas long as short
OKX OPG-USDT-SWAP+0.0100%4h0.1323−2.102%$537K$13.4M20xas long as short
Gate OPG_USDT+0.0100%4h0.1322−2.198%$322K$883K20xas long as short
MEXC OPG_USDT+0.0100%4h0.1323−2.124%$492K$779K20xas long as short
KuCoin OPGUSDTM+0.0100%4h0.1324−2.065%$655K$3.1M20xas long as short
Bitget OPGUSDT+0.0100%4h0.1324−2.050%$874K$3.1M20xas long as short
BingX OPG-USDT+0.0100%4h0.1323−2.124%$1.9Mas long as short
Variational Omni OPG+0.0100%4h0.1336−1.138%$287K$497Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended OPG-USDshort+0.0104%1h0.1324−2.077%$4K$96K5x
Aster OPGUSDT+0.0312%4h0.1326−1.931%$437K$164K5xas long as short
Coinbase International OPG-PERP-INTXlong+0.1864%1h0.1352long leg$33K$33K50x