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 −0.034%

Price spread now: Bybit against Variational Omni+0.195%7-day average −0.064% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.357%−$36 · spread now +0.195%, 7d avg −0.064%

Together, before fees−0.412%+ Points / potential airdropVariational Omni: Active · farm board−$41 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: Bybit is 0.259% dearer against Variational Omni than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPG	0.1336	0.0100	pay 0.0050% / 4h	14m 34s	$276K	$285K	—
Short	Bybit OPGUSDT	0.1339	0.0100	get 0.0050% / 4h	14m 34s	$3.1M	$7.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.195%Rate

Funding earned: $0
Price spread: +0.195% → −0.064%: $25.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $14.87
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 24 min ago; Bybit: live order book, 3 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, 24 min ago	11.28 bp	doesn't fit	981.6 bp −$9,816	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.86 bp	64.3 bp −$64	464.6 bp −$4,646	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	+0.0069%	4h	0.1344	+0.592%	$225K	$55K	20x	as long as short
Aster OPGUSDT	+0.0100%	4h	0.1342	+0.441%	$451K	$123K	5x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1339	+0.218%	$6.2M	$21.5M	20x	as long as short
Bybit OPGUSDTshort	+0.0100%	4h	0.1339	+0.195%	$3.1M	$7.3M	20x
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1341	+0.330%	$564K	$9.5M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1337	+0.068%	$322K	$443K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1336	−0.007%	$464K	$675K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1337	+0.098%	$635K	$2.5M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1338	+0.143%	$842K	$2.2M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1338	+0.143%	—	$1.8M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni OPGlong	+0.0100%	4h	0.1336	long leg	$276K	$285K	—
Extended OPG-USD	+0.0104%	1h	0.1337	+0.064%	$3K	$210K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2544%	1h	0.1371	+2.610%	$33K	$21K	50x	as long as short