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

OPG

all OPG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%
Price spread now: BingX against Extended−0.042%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2092.086% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.042%, 7d avg +0.023%
Together, before fees+0.185%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.065% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended OPG-USD0.13050.0104pay 0.0013% / 1h15m 40s$3K$104K5x
ShortBingX OPG-USDT0.13040.0100get 0.0050% / 4h3h 15m$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
−$0.84
Price spread: −0.042% → +0.023%
−$6.5
Slippage, 4 orders
−$193.65
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$215.99
Costs to cover
2.086%
Break-even
never at this rate
Slippage from Extended: live order book, 55 min ago; BingX: live order book, 2 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, 55 min ago9.22 bp67.1 bp −$67530.8 bp −$5,308doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago11.55 bp32.1 bp −$32101.7 bp −$1,017980.5 bp −$98.1Kdoesn't fit

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
Bybit OPGUSDT−0.0209%4h0.1304−0.065%$3.2M$10.4M20xas long as short
Gate OPG_USDT−0.0014%4h0.1301−0.272%$317K$870K20xas long as short
BloFin OPG-USDT+0.0057%4h0.1299−0.425%$214K$59K20xas long as short
Aster OPGUSDT+0.0100%4h0.1303−0.105%$430K$159K5xas long as short
Binance OPGUSDT+0.0100%4h0.1305+0.022%$6.1M$33.6M20xas long as short
OKX OPG-USDT-SWAP+0.0100%4h0.1305+0.004%$546K$12.9M20xas long as short
MEXC OPG_USDT+0.0100%4h0.1304−0.042%$487K$776K20xas long as short
KuCoin OPGUSDTM+0.0100%4h0.1302−0.187%$644K$3.0M20xas long as short
Bitget OPGUSDT+0.0100%4h0.1303−0.118%$868K$3.0M20xas long as short
BingX OPG-USDTshort+0.0100%4h0.1304−0.042%$1.9M
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni OPG+0.0100%4h0.1302−0.207%$276K$493Kas long as short
Extended OPG-USDlong+0.0104%1h0.1305long leg$3K$104K5x
Coinbase International OPG-PERP-INTX+0.1448%1h0.1303−0.086%$32K$33K50xas long as short