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

OPG

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SwapBacktest
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 0.000%
Price spread now: Bitget against KuCoin+0.212%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$930as in the Funding arb table
Net, price: spread back to 7d avg − costs−$915as in the Price arb table
costs, in and out, $10k−$9309.295% 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 7 days−0.100%−$10 · spread now +0.212%, 7d avg +0.064%
Together, before fees−0.100%−$10 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 0.148% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPGUSDTM0.13190.0100pay 0.0050% / 4h1h 35m$629K$2.9M20x
ShortBitget OPGUSDT0.13220.0100get 0.0050% / 4h1h 35m$845K$2.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.212% → +0.064%
$14.81
Slippage, 4 orders
−$905.52
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$914.72
Costs to cover
9.295%
Break-even
never at this rate
Slippage from KuCoin: live order book, 11 min ago; Bitget: live order book, 2 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 KuCoin live order book, 11 min ago11.23 bp312.7 bp −$313doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago11.32 bp47.0 bp −$47195.9 bp −$1,959doesn'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+0.0088%4h0.1327+0.591%$223K$71K20xas long as short
Aster OPGUSDT+0.0100%4h0.1325+0.441%$445K$160K5xas long as short
Binance OPGUSDT+0.0100%4h0.1321+0.100%$6.1M$31.6M20xas long as short
Bybit OPGUSDT+0.0100%4h0.1320+0.045%$3.1M$10.0M20xas long as short
OKX OPG-USDT-SWAP+0.0100%4h0.1323+0.265%$559K$13.1M20xas long as short
Gate OPG_USDT+0.0100%4h0.1320+0.061%$324K$777K20xas long as short
MEXC OPG_USDT+0.0100%4h0.1319−0.015%$466K$710K20xas long as short
KuCoin OPGUSDTMlong+0.0100%4h0.1319long leg$629K$2.9M20x
Bitget OPGUSDTshort+0.0100%4h0.1322+0.212%$845K$2.9M20x
BingX OPG-USDT+0.0100%4h0.1320+0.061%$1.9Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni OPG+0.0100%4h0.1320+0.028%$280K$432Kas long as short
Extended OPG-USD+0.0104%1h0.1320+0.053%$2K$212K5xas long as short
Coinbase International OPG-PERP-INTX+0.2824%1h0.1360+3.103%$33K$28K50xas long as short