Funding arb · Price arb /

OPG

all OPG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Variational Omni+0.017%7-day average −0.081% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.017%, 7d avg −0.081%

Together, before fees−0.080%+ Points / potential airdropVariational Omni: Active · farm board−$8 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: KuCoin is 0.098% dearer against Variational Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPG	0.1342	0.0100	pay 0.0050% / 4h	3h 56m	$277K	$285K	—
Short	KuCoin OPGUSDTM	0.1342	0.0100	get 0.0050% / 4h	3h 56m	$634K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.081%: $9.83
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2.17
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 42 min ago; KuCoin: live order book, 10 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, 42 min ago	11.28 bp	doesn't fit	981.6 bp −$9,816	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	9.31 bp	172.9 bp −$173	doesn't fit	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	+0.0042%	4h	0.1345	+0.218%	$227K	$52K	20x	as long as short
Aster OPGUSDT	+0.0100%	4h	0.1346	+0.319%	$452K	$119K	5x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1343	+0.069%	$6.2M	$19.8M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1342	+0.017%	$3.1M	$7.1M	20x	as long as short
OKX OPG-USDT-SWAP	+0.0100%	4h	0.1341	−0.057%	$564K	$8.7M	20x	as long as short
Gate OPG_USDT	+0.0100%	4h	0.1343	+0.069%	$322K	$373K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1343	+0.069%	$472K	$459K	20x	as long as short
KuCoin OPGUSDTMshort	+0.0100%	4h	0.1342	+0.017%	$634K	$2.4M	20x
Bitget OPGUSDT	+0.0100%	4h	0.1342	−0.005%	$858K	$2.1M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1343	+0.069%	—	$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	0.1342	long leg	$277K	$285K	—
Extended OPG-USD	+0.0104%	1h	0.1343	+0.101%	$3K	$210K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2640%	1h	0.1371	+2.153%	$33K	$20K	50x	as long as short