Funding arb · Price arb /

OPG

all OPG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1764%/8h= −193.2% APRpaid last 24h −0.478%

Price spread now: Gate against Coinbase International−1.902%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 Gate

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 −$53 a day on $10k at the current rate, and Gate is 1.902% cheaper against Coinbase International than usual: you would sell low and buy high (−$190 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	0.1352	0.1864	pay 0.0233% / 1h	52m 49s	$33K	$33K	50x
Short	Gate OPG_USDT	0.1326	0.0100	get 0.0050% / 4h	52m 49s	$323K	$883K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −1.902%Rate

Funding earned: −$370.44
Price spread: −1.902% → 0.000%: −$190.2
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$585.64
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	11.22 bp	187.6 bp −$188	doesn't fit	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	+0.0065%	4h	0.1340	−0.866%	$223K	$74K	20x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1327	−1.851%	$6.3M	$34.9M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1325	−1.954%	$3.2M	$10.8M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1324	−2.035%	$539K	$13.4M	20x	as long as short
Gate OPG_USDTshort	+0.0100%	4h	0.1326	−1.902%	$323K	$883K	20x
MEXC OPG_USDT	+0.0100%	4h	0.1325	−1.976%	$492K	$779K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1327	−1.828%	$655K	$3.1M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1327	−1.828%	$876K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1328	−1.754%	—	$1.9M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1336	−1.138%	$287K	$497K	—	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	0.1327	−1.824%	$4K	$96K	5x	as long as short
Aster OPGUSDT	+0.0320%	4h	0.1329	−1.680%	$439K	$164K	5x	as long as short
Coinbase International OPG-PERP-INTXlong	+0.1864%	1h	0.1352	long leg	$33K	$33K	50x