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 0.000%

Price spread now: Variational Omni against OKX−0.045%7-day average +0.013% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.045%, 7d avg +0.013%

Together, before fees−0.135%+ Points / potential airdropVariational Omni: Active · farm board−$13 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 0.058% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPG-USDT-SWAP	0.1301	0.0100	pay 0.0050% / 4h	3h 10m	$565K	$13.5M	20x
Short	Variational Omni OPG	0.1300	0.0100	get 0.0050% / 4h	3h 10m	$280K	$498K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.013%: −$5.8
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.8
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; Variational Omni: RFQ quote, 43 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 OKX live order book, 2 min ago	1.54 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 43 min ago	7.63 bp	doesn't fit	366.1 bp −$3,661	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
BloFin OPG-USDT	+0.0059%	4h	0.1298	−0.208%	$222K	$73K	20x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1299	−0.131%	$6.1M	$35.8M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1298	−0.169%	$3.1M	$10.9M	20x	as long as short
OKX OPG-USDT-SWAPlong	+0.0100%	4h	0.1301	long leg	$565K	$13.5M	20x
Gate OPG_USDT	+0.0100%	4h	0.1298	−0.208%	$315K	$896K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1299	−0.131%	$463K	$774K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1299	−0.146%	$634K	$3.1M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1299	−0.131%	$825K	$3.2M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1299	−0.131%	—	$1.9M	—	as long as short
Variational Omni OPGshort	+0.0100%	4h	0.1300	−0.045%	$280K	$498K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended OPG-USD	+0.0104%	1h	0.1300	−0.083%	$3K	$112K	5x	as long as short
Aster OPGUSDT	+0.0129%	4h	0.1305	+0.305%	$430K	$165K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2160%	1h	0.1349	+3.736%	$33K	$33K	50x	as long as short