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

OPG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%
Price spread now: Bitget against Extended+0.102%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1841.836% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.102%, 7d avg +0.042%
Together, before fees−0.054%+ Points / potential airdropExtended: Active · farm board−$5 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: Bitget is 0.060% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended OPG-USD0.13120.0104pay 0.0013% / 1h43m 09s$2K$96K5x
ShortBitget OPGUSDT0.13130.0100get 0.0050% / 4h1h 43m$866K$3.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.102% → +0.042%
$5.99
Slippage, 4 orders
−$166.6
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$178.44
Costs to cover
1.836%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; Bitget: live order book, 4 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, 5 min ago8.03 bp59.5 bp −$59494.1 bp −$4,941doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.83 bp22.9 bp −$23122.2 bp −$1,222doesn't fitdoesn'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
BloFin OPG-USDT+0.0050%4h0.1312+0.026%$222K$70K20xas long as short
Binance OPGUSDT+0.0100%4h0.1313+0.077%$6.2M$34.5M20xas long as short
Bybit OPGUSDT+0.0100%4h0.1313+0.133%$3.2M$10.6M20xas long as short
OKX OPG-USDT-SWAP+0.0100%4h0.1314+0.201%$540K$13.2M20xas long as short
Gate OPG_USDT+0.0100%4h0.1311−0.050%$320K$882K20xas long as short
MEXC OPG_USDT+0.0100%4h0.1313+0.102%$522K$774K20xas long as short
KuCoin OPGUSDTM+0.0100%4h0.1313+0.072%$643K$3.0M20xas long as short
Bitget OPGUSDTshort+0.0100%4h0.1313+0.102%$866K$3.1M20x
BingX OPG-USDT+0.0100%4h0.1314+0.178%$1.9Mas long as short
Variational Omni OPG+0.0100%4h0.1308−0.270%$279K$496Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended OPG-USDlong+0.0104%1h0.1312long leg$2K$96K5x
Aster OPGUSDT+0.0333%4h0.1312+0.034%$433K$159K5xas long as short
Coinbase International OPG-PERP-INTX+0.1200%1h0.1343+2.422%$33K$34K50xas long as short