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 +0.005%

Price spread now: BingX against Variational Omni−0.314%7-day average −0.023% · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 3 days (all we have)+0.250%+$25 · spread now −0.314%, 7d avg −0.023%

Together, before fees+0.304%+ Points / potential airdropVariational Omni: Active · farm board+$30 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 0.290% cheaper against Variational Omni than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPG	0.1302	0.0100	pay 0.0050% / 4h	3h 18m	$277K	$493K	—
Short	BingX OPG-USDT	0.1298	0.0100	get 0.0050% / 4h	3h 18m	—	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.314%Rate

Funding earned: $0
Price spread: −0.314% → −0.023%: −$29.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$39.04
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 55 min ago; BingX: 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, 55 min ago	7.67 bp	doesn't fit	843.6 bp −$8,436	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	11.52 bp	26.0 bp −$26	95.8 bp −$958	937.1 bp −$93.7K	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
Bybit OPGUSDT	−0.0345%	4h	0.1299	−0.222%	$3.2M	$10.4M	20x	as long as short
Gate OPG_USDT	+0.0028%	4h	0.1300	−0.160%	$317K	$869K	20x	as long as short
BloFin OPG-USDT	+0.0042%	4h	0.1301	−0.083%	$215K	$59K	20x	as long as short
Aster OPGUSDT	+0.0100%	4h	0.1303	+0.075%	$430K	$159K	5x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1298	−0.307%	$6.0M	$33.6M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1299	−0.252%	$544K	$12.9M	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1298	−0.314%	$484K	$776K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1299	−0.260%	$642K	$3.0M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1297	−0.391%	$864K	$3.0M	20x	as long as short
BingX OPG-USDTshort	+0.0100%	4h	0.1298	−0.314%	—	$1.9M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni OPGlong	+0.0100%	4h	0.1302	long leg	$277K	$493K	—
Extended OPG-USD	+0.0104%	1h	0.1297	−0.353%	$3K	$108K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.1448%	1h	0.1303	+0.103%	$32K	$33K	50x	as long as short