Funding arb · Price arb /

OPG

all OPG markets

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 −0.004%

Price spread now: Variational Omni against MEXC+0.090%7-day average +0.052% · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.090%, 7d avg +0.052%

Together, before fees−0.105%+ Points / potential airdropVariational Omni: Active · farm board−$10 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 0.038% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OPG_USDT	0.1346	0.0100	pay 0.0050% / 4h	3h 58m	$487K	$768K	20x
Short	Variational Omni OPG	0.1347	0.0100	get 0.0050% / 4h	3h 58m	$290K	$498K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.052%: $3.79
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.21
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 52 min ago; Variational Omni: RFQ quote, 60 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 MEXC live order book, 52 min ago	3.77 bp	14.4 bp −$14	73.8 bp −$738	330.0 bp −$33.0K	doesn't fit
Sell Variational Omni RFQ quote, 60 min ago	7.58 bp	doesn't fit	643.9 bp −$6,439	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
Binance OPGUSDT	+0.0100%	4h	0.1346	+0.030%	$6.4M	$35.4M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1346	−0.015%	$3.3M	$10.8M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1348	+0.156%	$551K	$13.8M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1345	−0.074%	$327K	$888K	20x	as long as short
MEXC OPG_USDTlong	+0.0100%	4h	0.1346	long leg	$487K	$768K	20x
KuCoin OPGUSDTM	+0.0100%	4h	0.1345	−0.052%	$663K	$3.1M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1345	−0.074%	$881K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1345	−0.074%	—	$1.9M	—	as long as short
Variational Omni OPGshort	+0.0100%	4h	0.1347	+0.090%	$290K	$498K	—
Extended OPG-USD	+0.0104%	1h	0.1346	+0.003%	$4K	$98K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPG-USDT	+0.0143%	4h	0.1351	+0.371%	$228K	$76K	20x	as long as short
Aster OPGUSDT	+0.0289%	4h	0.1349	+0.187%	$445K	$165K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2160%	1h	0.1368	+1.649%	$33K	$33K	50x	as long as short