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: BingX against MEXC+0.149%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$970.975% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.023%+$2 on $10k
Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.149%, 7d avg +0.018%
Together, before fees−0.066%−$7 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: BingX is 0.131% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC OPG_USDT0.13430.0100pay 0.0050% / 4h3h 58m$472K$459K20x
ShortBingX OPG-USDT0.13450.0100get 0.0050% / 4h3h 58m$1.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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: +0.149% → +0.018%
$13.13
Slippage, 4 orders
−$83.45
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$84.32
Costs to cover
0.975%
Break-even
never at this rate
Slippage from MEXC: live order book, 31 min ago; BingX: 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 MEXC live order book, 31 min ago3.76 bp13.1 bp −$1356.8 bp −$568353.1 bp −$35.3Kdoesn't fit
Sell BingX live order book, 4 min ago11.18 bp37.6 bp −$3896.4 bp −$964doesn'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
Aster OPGUSDT+0.0100%4h0.1346+0.252%$452K$119K5xas long as short
Binance OPGUSDT+0.0100%4h0.1344+0.074%$6.2M$20.2M20xas long as short
Bybit OPGUSDT+0.0100%4h0.1343+0.037%$3.1M$7.2M20xas long as short
OKX OPG-USDT-SWAP+0.0100%4h0.1344+0.060%$563K$8.9M20xas long as short
Gate OPG_USDT+0.0100%4h0.13430.000%$322K$373K20xas long as short
MEXC OPG_USDTlong+0.0100%4h0.1343long leg$472K$459K20x
KuCoin OPGUSDTM+0.0100%4h0.1343+0.015%$634K$2.5M20xas long as short
Bitget OPGUSDT+0.0100%4h0.1345+0.149%$860K$2.1M20xas long as short
BingX OPG-USDTshort+0.0100%4h0.1345+0.149%$1.8M
Variational Omni OPG+0.0100%4h0.1342−0.069%$277K$285Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended OPG-USD+0.0104%1h0.1344+0.047%$3K$210K5xas long as short
BloFin OPG-USDT+0.0105%4h0.1345+0.149%$225K$52K20xas long as short
Coinbase International OPG-PERP-INTX+0.2640%1h0.1371+2.083%$33K$20K50xas long as short