Funding arb · Price arb /

OPG

all OPG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1764%/8h= +193.2% APRpaid last 24h +0.478%

Price spread now: Coinbase International against Gate+1.498%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$53 a day on $10k at the current rate, and Coinbase International is 1.498% dearer against Gate than usual: you sell high and buy low: +$150 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPG_USDT	0.1348	0.0100	pay 0.0050% / 4h	3m 53s	$328K	$888K	20x
Short	Coinbase International OPG-PERP-INTX	0.1368	0.1864	get 0.0233% / 1h	3m 53s	$33K	$33K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee GatebpFee Coinbase InternationalbpOrdersPrice spread, now +1.498%Rate

Funding earned: $370.44
Price spread: +1.498% → 0.000%: $149.78
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $495.22
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 53 min ago; Coinbase International: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 53 min ago	11.22 bp	263.3 bp −$263	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

OPG on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPG-USDT	+0.0064%	4h	0.1352	+0.297%	$229K	$76K	20x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1351	+0.206%	$6.4M	$35.3M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1351	+0.193%	$3.3M	$10.8M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1350	+0.178%	$552K	$13.9M	20x	as long as short
Gate OPG_USDTlong	+0.0100%	4h	0.1348	long leg	$328K	$888K	20x
MEXC OPG_USDT	+0.0100%	4h	0.1350	+0.148%	$490K	$784K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1349	+0.104%	$667K	$3.1M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1350	+0.148%	$882K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1352	+0.297%	—	$1.9M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1356	+0.613%	$292K	$498K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended OPG-USD	+0.0104%	1h	0.1352	+0.267%	$4K	$98K	5x	as long as short
Aster OPGUSDT	+0.0316%	4h	0.1353	+0.371%	$446K	$165K	5x	as long as short
Coinbase International OPG-PERP-INTXshort	+0.1864%	1h	0.1368	+1.498%	$33K	$33K	50x