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 0.000%

Price spread now: Variational Omni against KuCoin−0.184%7-day average +0.082% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.301%+$30 · spread now −0.184%, 7d avg +0.082%

Together, before fees+0.301%+ Points / potential airdropVariational Omni: Active · farm board+$30 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: Variational Omni is 0.266% cheaper against KuCoin than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPGUSDTM	0.1322	0.0100	pay 0.0050% / 4h	1h 33m	$635K	$2.9M	20x
Short	Variational Omni OPG	0.1320	0.0100	get 0.0050% / 4h	1h 33m	$280K	$432K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.184%Rate

Funding earned: $0
Price spread: −0.184% → +0.082%: −$26.6
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$38.6
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Variational Omni: RFQ quote, 10 min ago. 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, 3 min ago	10.61 bp	395.9 bp −$396	18014.1 bp −$180.1K	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 10 min ago	11.27 bp	doesn't fit	379.3 bp −$3,793	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
Aster OPGUSDT	+0.0100%	4h	0.1327	+0.379%	$446K	$158K	5x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1322	0.000%	$6.2M	$31.5M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1323	+0.061%	$3.1M	$10.0M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1322	+0.030%	$559K	$13.1M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1322	0.000%	$324K	$777K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1322	0.000%	$467K	$710K	20x	as long as short
KuCoin OPGUSDTMlong	+0.0100%	4h	0.1322	long leg	$635K	$2.9M	20x
Bitget OPGUSDT	+0.0100%	4h	0.1323	+0.076%	$845K	$2.9M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1322	0.000%	—	$1.9M	—	as long as short
Variational Omni OPGshort	+0.0100%	4h	0.1320	−0.184%	$280K	$432K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended OPG-USD	+0.0104%	1h	0.1322	−0.025%	$2K	$212K	5x	as long as short
BloFin OPG-USDT	+0.0150%	4h	0.1322	0.000%	$222K	$69K	20x	as long as short
Coinbase International OPG-PERP-INTX	+0.2824%	1h	0.1360	+2.885%	$33K	$28K	50x	as long as short