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

OPG

all OPG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0211%/8h= +23.1% APRnext payment +$1.06 per $10,000 · paid last 24h +0.088%
Price spread now: Aster against OKX+0.384%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$542as in the Price arb table
costs, in and out, $10k−$5785.780% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.243%+$24 on $10k
Price spread, last 4 days (all we have)−0.406%−$41 · spread now +0.384%, 7d avg +0.020%
Together, before fees−0.163%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aster is 0.365% dearer against OKX than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX OPG-USDT-SWAP0.13470.0100pay 0.0050% / 4h3m 21s$552K$13.8M20x
ShortAster OPGUSDT0.13520.0311get 0.0156% / 4h3m 21s$446K$165K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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
$44.31
Price spread: +0.384% → +0.020%
$36.48
Slippage, 4 orders
−$560.03
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$497.23
Costs to cover
5.780%
Break-even
85.5 days
Slippage from OKX: live order book, 5 min ago; Aster: live order book, 54 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 OKX live order book, 5 min ago7.04 bp45.0 bp −$45doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 54 min ago18.72 bp55.4 bp −$55doesn't fitdoesn'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+0.0064%4h0.1352+0.364%$229K$76K20xas long as short
Binance OPGUSDT+0.0100%4h0.1349+0.162%$6.4M$35.3M20xas long as short
Bybit OPGUSDT+0.0100%4h0.1348+0.097%$3.3M$10.8M20xas long as short
OKX OPG-USDT-SWAPlong+0.0100%4h0.1347long leg$552K$13.8M20x
Gate OPG_USDT+0.0100%4h0.1348+0.067%$328K$888K20xas long as short
MEXC OPG_USDT+0.0100%4h0.1349+0.141%$489K$784K20xas long as short
KuCoin OPGUSDTM+0.0100%4h0.1349+0.119%$666K$3.1M20xas long as short
Bitget OPGUSDT+0.0100%4h0.1349+0.141%$882K$3.1M20xas long as short
BingX OPG-USDT+0.0100%4h0.1350+0.215%$1.9Mas long as short
Variational Omni OPG+0.0100%4h0.1356+0.680%$292K$498Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended OPG-USD+0.0104%1h0.1350+0.205%$4K$98K5xas long as short
Aster OPGUSDTshort+0.0311%4h0.1352+0.384%$446K$165K5x
Coinbase International OPG-PERP-INTX+0.1864%1h0.1368+1.566%$33K$33K50xas long as short