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

OPG

all OPG markets
SwapBacktest
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: BingX against OKX−0.061%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1531.534% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 7 days−0.048%−$5 · spread now −0.061%, 7d avg −0.030%
Together, before fees−0.024%−$2 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 0.031% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX OPG-USDT-SWAP0.13220.0100pay 0.0050% / 4h1h 37m$561K$13.1M20x
ShortBingX OPG-USDT0.13210.0100get 0.0050% / 4h1h 37m$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$0
Price spread: −0.061% → −0.030%
−$3.08
Slippage, 4 orders
−$133.37
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$156.45
Costs to cover
1.534%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; BingX: live order book, 1 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, 1 min ago6.40 bp31.2 bp −$31387.4 bp −$3,874doesn't fitdoesn't fit
Sell BingX live order book, 1 min ago11.32 bp38.7 bp −$39108.0 bp −$1,080doesn'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+0.0088%4h0.1327+0.393%$223K$71K20xas long as short
Aster OPGUSDT+0.0100%4h0.1331+0.731%$447K$160K5xas long as short
Binance OPGUSDT+0.0100%4h0.1326+0.281%$6.2M$31.6M20xas long as short
Bybit OPGUSDT+0.0100%4h0.1320−0.159%$3.1M$10.1M20xas long as short
OKX OPG-USDT-SWAPlong+0.0100%4h0.1322long leg$561K$13.1M20x
Gate OPG_USDT+0.0100%4h0.1321−0.061%$324K$777K20xas long as short
MEXC OPG_USDT+0.0100%4h0.1322+0.015%$467K$710K20xas long as short
KuCoin OPGUSDTM+0.0100%4h0.1325+0.242%$632K$2.9M20xas long as short
Bitget OPGUSDT+0.0100%4h0.1320−0.136%$847K$2.9M20xas long as short
BingX OPG-USDTshort+0.0100%4h0.1321−0.061%$1.9M
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni OPG+0.0100%4h0.1328+0.444%$282K$432Kas long as short
Extended OPG-USD+0.0104%1h0.1325+0.269%$2K$212K5xas long as short
Coinbase International OPG-PERP-INTX+0.2824%1h0.1360+2.901%$33K$28K50xas long as short