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

OPG

all OPG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX−0.015%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1271.274% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 7 days+0.012%+$1 · spread now −0.015%, 7d avg +0.030%
Together, before fees−0.030%−$3 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: Bitget is 0.045% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX OPG-USDT-SWAP0.13130.0100pay 0.0050% / 4h1h 42m$540K$13.2M20x
ShortBitget OPGUSDT0.13130.0100get 0.0050% / 4h1h 42m$866K$3.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.015% → +0.030%
−$4.48
Slippage, 4 orders
−$105.38
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$131.85
Costs to cover
1.274%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Bitget: live order book, 5 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 ago6.85 bp33.2 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago3.83 bp22.9 bp −$23122.2 bp −$1,222doesn'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+0.0050%4h0.1312−0.091%$222K$70K20xas long as short
Binance OPGUSDT+0.0100%4h0.1313−0.015%$6.2M$34.5M20xas long as short
Bybit OPGUSDT+0.0100%4h0.1313+0.023%$3.2M$10.6M20xas long as short
OKX OPG-USDT-SWAPlong+0.0100%4h0.1313long leg$540K$13.2M20x
Gate OPG_USDT+0.0100%4h0.1311−0.168%$320K$882K20xas long as short
MEXC OPG_USDT+0.0100%4h0.1313−0.015%$522K$774K20xas long as short
KuCoin OPGUSDTM+0.0100%4h0.1312−0.069%$645K$3.0M20xas long as short
Bitget OPGUSDTshort+0.0100%4h0.1313−0.015%$866K$3.1M20x
BingX OPG-USDT+0.0100%4h0.1313−0.015%$1.9Mas long as short
Variational Omni OPG+0.0100%4h0.1308−0.387%$279K$496Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended OPG-USD+0.0104%1h0.1313−0.042%$2K$96K5xas long as short
Aster OPGUSDT+0.0339%4h0.1312−0.073%$433K$159K5xas long as short
Coinbase International OPG-PERP-INTX+0.1200%1h0.1343+2.302%$33K$34K50xas long as short