OPG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1764%/8h= −193.2% APRpaid last 24h −0.464%

Price spread now: Variational Omni against Coinbase International−0.872%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$53 a day on $10k at the current rate, and Variational Omni is 0.872% cheaper against Coinbase International than usual: you would sell low and buy high (−$87 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	0.1368	0.1864	pay 0.0233% / 1h	3m 24s	$33K	$33K	50x
Short	Variational Omni OPG	0.1356	0.0100	get 0.0050% / 4h	3m 24s	$292K	$498K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.872%Rate

Funding earned: −$370.44
Price spread: −0.872% → 0.000%: −$87.18
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$467.62
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Variational Omni: RFQ quote, 56 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 Variational Omni RFQ quote, 56 min ago	7.58 bp	doesn't fit	643.9 bp −$6,439	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	+0.0064%	4h	0.1352	−1.183%	$229K	$76K	20x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1349	−1.382%	$6.4M	$35.3M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1348	−1.446%	$3.3M	$10.8M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1347	−1.541%	$552K	$13.8M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1348	−1.476%	$328K	$888K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1349	−1.403%	$489K	$784K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1349	−1.425%	$666K	$3.1M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1349	−1.403%	$882K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1350	−1.329%	—	$1.9M	—	as long as short
Variational Omni OPGshort	+0.0100%	4h	0.1356	−0.872%	$292K	$498K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended OPG-USD	+0.0104%	1h	0.1350	−1.340%	$4K	$98K	5x	as long as short
Aster OPGUSDT	+0.0311%	4h	0.1352	−1.163%	$446K	$165K	5x	as long as short
Coinbase International OPG-PERP-INTXlong	+0.1864%	1h	0.1368	long leg	$33K	$33K	50x