Funding arb · Price arb /

OPG

all OPG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1764%/8h= +193.2% APRpaid last 24h +0.461%

Price spread now: Coinbase International against MEXC+2.325%7-day average — · you sell dearer than you buy

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

Long on MEXC 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 +$53 a day on $10k at the current rate, and Coinbase International is 2.325% dearer against MEXC than usual: you sell high and buy low: +$232 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OPG_USDT	0.1321	0.0100	pay 0.0050% / 4h	45m 08s	$492K	$779K	20x
Short	Coinbase International OPG-PERP-INTX	0.1352	0.1864	get 0.0233% / 1h	45m 08s	$33K	$33K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +2.325%Rate

Funding earned: $370.44
Price spread: +2.325% → 0.000%: $232.48
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $588.92
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	3.77 bp	14.4 bp −$14	73.8 bp −$738	330.0 bp −$33.0K	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
BloFin OPG-USDT	+0.0081%	4h	0.1323	+0.151%	$225K	$73K	20x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1321	+0.006%	$6.2M	$34.9M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1321	−0.015%	$3.2M	$10.8M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1321	+0.030%	$536K	$13.4M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1320	−0.076%	$322K	$883K	20x	as long as short
MEXC OPG_USDTlong	+0.0100%	4h	0.1321	long leg	$492K	$779K	20x
KuCoin OPGUSDTM	+0.0100%	4h	0.1320	−0.076%	$649K	$3.1M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1322	+0.076%	$873K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1322	+0.076%	—	$1.9M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1324	+0.220%	$285K	$497K	—	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	0.1321	−0.017%	$1K	$99K	5x	as long as short
Aster OPGUSDT	+0.0281%	4h	0.1323	+0.126%	$436K	$165K	5x	as long as short
Coinbase International OPG-PERP-INTXshort	+0.1864%	1h	0.1352	+2.325%	$33K	$33K	50x