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

OPG

all OPG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against KuCoin−0.052%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$578as in the Funding arb table
Net, price: spread back to 7d avg − costs−$591as in the Price arb table
costs, in and out, $10k−$5825.822% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.042%+$4 on $10k
Price spread, last 7 days+0.006%+$1 · spread now −0.052%, 7d avg +0.037%
Together, before fees+0.048%+$5 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: OKX is 0.089% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPGUSDTM0.13430.0100pay 0.0050% / 4h3h 44m$634K$2.4M20x
ShortOKX OPG-USDT-SWAP0.13420.0100get 0.0050% / 4h3h 44m$557K$8.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.052% → +0.037%
−$8.89
Slippage, 4 orders
−$560.18
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$591.06
Costs to cover
5.822%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; OKX: live order book, 4 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, 2 min ago8.59 bp324.5 bp −$32517616.3 bp −$176.2Kdoesn't fitdoesn't fit
Sell OKX live order book, 4 min ago6.34 bp26.8 bp −$27276.7 bp −$2,767doesn'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+0.0061%4h0.1341−0.119%$224K$51K20xas long as short
Binance OPGUSDT+0.0100%4h0.1343+0.041%$6.2M$18.9M20xas long as short
Bybit OPGUSDT+0.0100%4h0.1343+0.007%$3.1M$6.9M20xas long as short
OKX OPG-USDT-SWAPshort+0.0100%4h0.1342−0.052%$557K$8.1M20x
Gate OPG_USDT+0.0100%4h0.1342−0.045%$314K$379K20xas long as short
MEXC OPG_USDT+0.0100%4h0.1342−0.045%$471K$460K20xas long as short
KuCoin OPGUSDTMlong+0.0100%4h0.1343long leg$634K$2.4M20x
Bitget OPGUSDT+0.0100%4h0.1345+0.179%$856K$2.1M20xas long as short
BingX OPG-USDT+0.0100%4h0.1343+0.030%$1.8Mas long as short
Variational Omni OPG+0.0100%4h0.1340−0.218%$276K$285Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended OPG-USD+0.0104%1h0.1342−0.014%$2K$215K5xas long as short
Aster OPGUSDT+0.0134%4h0.1345+0.174%$451K$118K5xas long as short
Coinbase International OPG-PERP-INTX+0.2640%1h0.1371+2.113%$33K$20K50xas long as short