Funding arb · Price arb /

OPG

all OPG markets

Swap Backtest

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 +0.004%

Price spread now: Binance against Variational Omni+0.347%7-day average −0.013% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.421%−$42 · spread now +0.347%, 7d avg −0.013%

Together, before fees−0.387%+ Points / potential airdropVariational Omni: Active · farm board−$39 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: Binance is 0.361% dearer against Variational Omni than usual: you sell high and buy low, +$36 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	Variational Omni OPG	0.1308	0.0100	pay 0.0050% / 4h	1h 43m	$279K	$496K	—
Short	Binance OPGUSDT	0.1313	0.0100	get 0.0050% / 4h	1h 43m	$6.2M	$34.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.347%Rate

Funding earned: $0
Price spread: +0.347% → −0.013%: $36.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $26.06
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 21 min ago; Binance: live order book, 14 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 Variational Omni RFQ quote, 21 min ago	11.37 bp	doesn't fit	996.6 bp −$9,966	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	3.80 bp	34.1 bp −$34	140.5 bp −$1,405	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	+0.0050%	4h	0.1312	+0.297%	$222K	$70K	20x	as long as short
Binance OPGUSDTshort	+0.0100%	4h	0.1313	+0.347%	$6.2M	$34.5M	20x
Bybit OPGUSDT	+0.0100%	4h	0.1313	+0.404%	$3.2M	$10.6M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1314	+0.472%	$540K	$13.2M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1311	+0.220%	$320K	$882K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1313	+0.373%	$522K	$774K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1313	+0.342%	$643K	$3.0M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1313	+0.373%	$866K	$3.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1314	+0.449%	—	$1.9M	—	as long as short
Variational Omni OPGlong	+0.0100%	4h	0.1308	long leg	$279K	$496K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended OPG-USD	+0.0104%	1h	0.1312	+0.270%	$2K	$96K	5x	as long as short
Aster OPGUSDT	+0.0333%	4h	0.1312	+0.305%	$433K	$159K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.1200%	1h	0.1343	+2.699%	$33K	$34K	50x	as long as short