Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

OPG

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
DeribitOPG_USDC-PERPETUAL
0.1274+0.0025pay 0.0003% / 1h34m 53s——10xLong Deribit
SHORT
BingXOPG-USDT
0.1274+0.0100get 0.0050% / 4h2h 34m—$1.6M—Short BingX
Price gap+0.018%
Funding gap+0.0075% /8h

Funding trade: +$2 a day on $10k at the current rate, before costs. The price gap is at zero (no 7-day history yet).

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding—+0.0075% /8h now · no funding history yet
Price—spread +0.018% now · no price history on both exchanges yet
Costsno datano order book for Deribit
Result, before costs—no pointsneeds funding history

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

BingX price against Deribitnow
RANGE STATS · 7D
Now+0.018%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

OPG on 14 exchanges

lowest funding first

Before you open

0 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for Deribit: its slippage is not counted.
  • Note: Margin at max leverage$1,000 + —
    Deribit 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$2.25Long Deribit: 24 payments, −$0.75; short BingX: 6 payments, +$3.00.
  • Note: No 7-day spread history+0.018%
    The gap cannot be compared with its average yet.
  • Note: Open interest unknown— vs — OI
    BingX reports no open interest, so the legs cannot be compared.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCDeribit Yes · BingX Yes
    ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earnedno history yet: current rate+$15.78
Price spread+0.018% → 0+$1.81
Slippage, 4 ordersno data for Deribit—
Fee Deribit bp × 2 orders−$7.00
Fee BingX bp × 2 orders−$10.00
Net, fees only · 7 days · $10k+$0.59
Costs to cover0.170%Break-even6.7 days
Slippage: Deribit: no order-book sample; BingX: live order book, 7 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGDeribit—————
SELL · SHORTBingX11.8033.6 bp−$3497.0 bp−$970336.9 bp−$33.7K1040.7 bp−$520.4K

Closing costs about the same again.
Deribit: no data.

Alert

OPG news

posts that mention OPG, from every exchangeSearch all news →
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