Funding arb · Price arb /

OPG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.063%

Price spread now: Aster against KuCoin+0.245%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$1,413as in the Price arb table

costs, in and out, $10k−$1,42714.273% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.295%+$29 on $10k

Price spread, last 4 days (all we have)−0.379%−$38 · spread now +0.245%, 7d avg +0.101%

Together, before fees−0.084%+ Points / potential airdropAster: Stage 5 · farm board−$8 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: Aster is 0.144% dearer against KuCoin than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPGUSDTM	0.1333	0.0100	pay 0.0050% / 4h	41m 19s	$631K	$2.8M	20x
Short	Aster OPGUSDT	0.1336	0.0100	get 0.0050% / 4h	41m 19s	$449K	$149K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.245%Rate

Funding earned: $0
Price spread: +0.245% → +0.101%: $14.38
Slippage, 4 orders: −$1,407.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1,412.89
Costs to cover: 14.273%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Aster: live order book, 61 min ago.

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 KuCoin live order book, 6 min ago	8.27 bp	195.0 bp −$195	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 61 min ago	52.28 bp	97.6 bp −$98	doesn't fit	doesn't fit	doesn't fit

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	+0.0062%	4h	0.1330	−0.233%	$222K	$62K	20x	as long as short
Aster OPGUSDTshort	+0.0100%	4h	0.1336	+0.245%	$449K	$149K	5x
Binance OPGUSDT	+0.0100%	4h	0.1333	−0.007%	$6.2M	$28.2M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1333	+0.023%	$3.1M	$8.9M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1333	−0.045%	$562K	$12.5M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1333	−0.008%	$326K	$429K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1334	+0.068%	$466K	$672K	20x	as long as short
KuCoin OPGUSDTMlong	+0.0100%	4h	0.1333	long leg	$631K	$2.8M	20x
Bitget OPGUSDT	+0.0100%	4h	0.1333	−0.008%	$849K	$2.7M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1334	+0.068%	—	$1.8M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni OPG	+0.0100%	4h	0.1331	−0.136%	$275K	$294K	—	as long as short
Extended OPG-USD	+0.0104%	1h	0.1333	−0.001%	$945	$212K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2544%	1h	0.1348	+1.082%	$33K	$23K	50x	as long as short