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

OPG

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.99 per $10,000 · paid last 24h +0.102%
Price spread now: Aster against Gate+0.195%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$481as in the Price arb table
costs, in and out, $10k−$4914.910% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.216%+$22 on $10k
Price spread, last 4 days (all we have)−0.519%−$52 · spread now +0.195%, 7d avg +0.095%
Together, before fees−0.303%+ Points / potential airdropAster: Stage 5 · farm board−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aster is 0.100% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.095%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate OPG_USDT0.13080.0100pay 0.0050% / 4h1h 45m$319K$882K20x
ShortAster OPGUSDT0.13110.0298get 0.0149% / 4h1h 45m$432K$159K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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
$41.53
Price spread: +0.195% → +0.095%
$10.01
Slippage, 4 orders
−$468
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Aster: 4 bp × 2 orders
−$8
Net
−$439.46
Costs to cover
4.910%
Break-even
81.1 days
Slippage from Gate: live order book, 17 min ago; Aster: live order book, 17 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 Gate live order book, 17 min ago7.62 bp180.9 bp −$181doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 17 min ago11.38 bp42.8 bp −$43doesn't fitdoesn'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
Binance OPGUSDT+0.0100%4h0.1310+0.153%$6.2M$34.5M20xas long as short
Bybit OPGUSDT+0.0100%4h0.1311+0.252%$3.2M$10.6M20xas long as short
OKX OPG-USDT-SWAP+0.0100%4h0.1312+0.336%$539K$13.2M20xas long as short
Gate OPG_USDTlong+0.0100%4h0.1308long leg$319K$882K20x
MEXC OPG_USDT+0.0100%4h0.1309+0.076%$520K$774K20xas long as short
KuCoin OPGUSDTM+0.0100%4h0.1309+0.076%$640K$3.0M20xas long as short
Bitget OPGUSDT+0.0100%4h0.1309+0.076%$864K$3.1M20xas long as short
BingX OPG-USDT+0.0100%4h0.1309+0.076%$1.9Mas long as short
Variational Omni OPG+0.0100%4h0.1308+0.009%$279K$496Kas long as short
Extended OPG-USD+0.0104%1h0.1310+0.127%$2K$102K5xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin OPG-USDT+0.0157%4h0.1307−0.076%$221K$69K20xas long as short
Aster OPGUSDTshort+0.0298%4h0.1311+0.195%$432K$159K5x
Coinbase International OPG-PERP-INTX+0.1200%1h0.1343+2.709%$33K$34K50xas long as short