Funding arb · Price arb /

OPG

all OPG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.2444%/8h= +267.6% APRpaid last 24h +0.561%

Price spread now: Coinbase International against KuCoin+2.771%51s7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 +$73 a day on $10k at the current rate, and Coinbase International is 2.771% dearer against KuCoin than usual: you sell high and buy low: +$277 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPGUSDTM	0.1334	0.0100	pay 0.0050% / 4h	38m 23s	$630K	$2.7M	20x
Short	Coinbase International OPG-PERP-INTX	0.1371	0.2544	get 0.0318% / 1h	38m 23s	$33K	$23K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +2.771%Rate

Funding earned: $513.24
Price spread: +2.771% → 0.000%: $277.14
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $768.38
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	8.27 bp	195.0 bp −$195	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
Aster OPGUSDT	+0.0100%	4h	0.1337	+0.225%	$449K	$149K	5x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1334	0.000%	$6.2M	$27.9M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1334	−0.030%	$3.1M	$8.8M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1333	−0.112%	$561K	$12.3M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1334	0.000%	$325K	$429K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1333	−0.075%	$466K	$673K	20x	as long as short
KuCoin OPGUSDTMlong	+0.0100%	4h	0.1334	long leg	$630K	$2.7M	20x
Bitget OPGUSDT	+0.0100%	4h	0.1333	−0.075%	$847K	$2.7M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1334	0.000%	—	$1.8M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1333	−0.102%	$275K	$294K	—	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	0.1334	−0.027%	$945	$212K	5x	as long as short
BloFin OPG-USDT	+0.0143%	4h	0.1337	+0.225%	$224K	$63K	20x	as long as short
Coinbase International OPG-PERP-INTXshort	+0.2544%	1h	0.1371	+2.771%	$33K	$23K	50x