Funding arb · Price arb /

OPG

all OPG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.2540%/8h= +278.1% APRpaid last 24h +0.561%

Price spread now: Coinbase International against OKX+2.113%7-day average — · you sell dearer than you buy

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

Long on OKX 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 +$76 a day on $10k at the current rate, and Coinbase International is 2.113% dearer against OKX than usual: you sell high and buy low: +$211 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	OKX OPG-USDT-SWAP	0.1343	0.0100	pay 0.0050% / 4h	3h 58m	$563K	$8.8M	20x
Short	Coinbase International OPG-PERP-INTX	0.1371	0.2640	get 0.0330% / 1h	58m 04s	$33K	$20K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +2.113%Rate

Funding earned: $533.4
Price spread: +2.113% → 0.000%: $211.31
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $724.71
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: 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 OKX live order book, 5 min ago	4.10 bp	32.0 bp −$32	377.1 bp −$3,771	doesn't fit	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
Aster OPGUSDT	+0.0100%	4h	0.1346	+0.217%	$452K	$119K	5x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1342	−0.045%	$6.2M	$20.1M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1341	−0.097%	$3.1M	$7.2M	20x	as long as short
OKX OPG-USDT-SWAPlong	+0.0100%	4h	0.1343	long leg	$563K	$8.8M	20x
Gate OPG_USDT	+0.0100%	4h	0.1343	+0.030%	$322K	$373K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1344	+0.104%	$472K	$459K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1341	−0.134%	$633K	$2.5M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1342	−0.045%	$858K	$2.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1341	−0.119%	—	$1.8M	—	as long as short
Variational Omni OPG	+0.0100%	4h	0.1342	−0.040%	$277K	$285K	—	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	0.1341	−0.133%	$3K	$210K	5x	as long as short
BloFin OPG-USDT	+0.0105%	4h	0.1345	+0.179%	$225K	$52K	20x	as long as short
Coinbase International OPG-PERP-INTXshort	+0.2640%	1h	0.1371	+2.113%	$33K	$20K	50x