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

OPG

all OPG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: OKX against Extended−0.078%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$254as in the Funding arb table
Net, price: spread back to 7d avg − costs−$266as in the Price arb table
costs, in and out, $10k−$2542.541% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.078%, 7d avg +0.042%
Together, before fees+0.167%+ Points / potential airdropExtended: Active · farm board+$17 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: OKX is 0.120% cheaper against Extended than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended OPG-USD0.13070.0104pay 0.0013% / 1h17m 26s$5K$211K5x
ShortOKX OPG-USDT-SWAP0.13060.0100get 0.0050% / 4h2h 17m$561K$13.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.078% → +0.042%
−$12.01
Slippage, 4 orders
−$239.09
Fee Extended: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
−$266.94
Costs to cover
2.541%
Break-even
never at this rate
Slippage from Extended: live order book, 6 min ago; OKX: live order book, 1 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, 6 min ago9.43 bp78.5 bp −$78520.6 bp −$5,206doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago3.06 bp54.0 bp −$54257.8 bp −$2,578doesn'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
Aster OPGUSDT+0.0100%4h0.1317+0.707%$434K$159K5xas long as short
Binance OPGUSDT+0.0100%4h0.13070.000%$6.1M$33.2M20xas long as short
Bybit OPGUSDT+0.0100%4h0.1308+0.029%$3.1M$10.3M20xas long as short
OKX OPG-USDT-SWAPshort+0.0100%4h0.1306−0.078%$561K$13.2M20x
Gate OPG_USDT+0.0100%4h0.1306−0.109%$319K$821K20xas long as short
MEXC OPG_USDT+0.0100%4h0.1307−0.033%$467K$785K20xas long as short
KuCoin OPGUSDTM+0.0100%4h0.1305−0.178%$632K$3.0M20xas long as short
Bitget OPGUSDT+0.0100%4h0.1306−0.109%$832K$3.1M20xas long as short
BingX OPG-USDT+0.0100%4h0.1307−0.033%$1.9Mas long as short
Variational Omni OPG+0.0100%4h0.1317+0.741%$284K$398Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended OPG-USDlong+0.0104%1h0.1307long leg$5K$211K5x
BloFin OPG-USDT+0.0113%4h0.1314+0.503%$220K$73K20xas long as short
Coinbase International OPG-PERP-INTX+0.2448%1h0.1353+3.516%$33K$29K50xas long as short