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

OPG

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h +0.087%
Price spread now: Aster against Extended+0.323%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$233as in the Price arb table
costs, in and out, $10k−$2602.595% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.246%+$25 on $10k
Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.323%, 7d avg +0.059%
Together, before fees−0.066%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.264% dearer against Extended than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.059%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended OPG-USD0.13290.0104pay 0.0013% / 1h31m 57s$946$101K5x
ShortAster OPGUSDT0.13330.0252get 0.0126% / 4h2h 31m$440K$159K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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
$31.19
Price spread: +0.323% → +0.059%
$26.35
Slippage, 4 orders
−$246.55
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$202.01
Costs to cover
2.595%
Break-even
52.3 days
Slippage from Extended: live order book, 33 min ago; Aster: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 33 min ago9.48 bp68.4 bp −$68513.4 bp −$5,134doesn't fitdoesn't fit
Sell Aster live order book, 35 min ago15.19 bp47.7 bp −$48doesn't fitdoesn't fitdoesn't fit

OPG on 12 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
Gate OPG_USDT+0.0082%4h0.1329+0.035%$324K$880K20xas long as short
Binance OPGUSDT+0.0100%4h0.1330+0.086%$6.3M$34.1M20xas long as short
Bybit OPGUSDT+0.0100%4h0.1328−0.002%$3.2M$10.5M20xas long as short
OKX OPG-USDT-SWAP+0.0100%4h0.1329+0.035%$558K$13.3M20xas long as short
MEXC OPG_USDT+0.0100%4h0.1331+0.186%$490K$777K20xas long as short
KuCoin OPGUSDTM+0.0100%4h0.1329+0.043%$660K$3.0M20xas long as short
Bitget OPGUSDT+0.0100%4h0.1328−0.040%$891K$3.0M20xas long as short
BingX OPG-USDT+0.0100%4h0.1331+0.186%$1.9Mas long as short
Variational Omni OPG+0.0100%4h0.1329+0.035%$283K$495Kas long as short
Extended OPG-USDlong+0.0104%1h0.1329long leg$946$101K5x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPGUSDTshort+0.0252%4h0.1333+0.323%$440K$159K5x
Coinbase International OPG-PERP-INTX+0.1104%1h0.1336+0.560%$32K$34K50xas long as short