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: OKX against Variational Omni+0.339%7-day average −0.003% · you sell dearer than you buy

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

Long on Variational Omni Short on OKX

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)−0.241%−$24 · spread now +0.339%, 7d avg −0.003%

Together, before fees−0.199%+ Points / potential airdropVariational Omni: Active · farm board−$20 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: OKX is 0.342% dearer against Variational Omni than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPG	0.1331	0.0100	pay 0.0050% / 4h	42m 43s	$275K	$294K	—
Short	OKX OPG-USDT-SWAP	0.1336	0.0100	get 0.0050% / 4h	42m 43s	$564K	$12.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.339%Rate

Funding earned: $0
Price spread: +0.339% → −0.003%: $34.21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $24.21
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 61 min ago; OKX: live order book, just now. 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, 61 min ago	11.27 bp	doesn't fit	552.0 bp −$5,520	doesn't fit	doesn't fit
Sell OKX live order book, just now	6.37 bp	24.5 bp −$24	196.1 bp −$1,961	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	+0.0062%	4h	0.1330	−0.097%	$222K	$62K	20x	as long as short
Aster OPGUSDT	+0.0100%	4h	0.1336	+0.389%	$449K	$149K	5x	as long as short
Binance OPGUSDT	+0.0100%	4h	0.1335	+0.248%	$6.2M	$28.3M	20x	as long as short
Bybit OPGUSDT	+0.0100%	4h	0.1334	+0.226%	$3.1M	$8.9M	20x	as long as short
OKX OPG-USDT-SWAPshort	+0.0100%	4h	0.1336	+0.339%	$564K	$12.5M	20x
Gate OPG_USDT	+0.0100%	4h	0.1334	+0.204%	$327K	$429K	20x	as long as short
MEXC OPG_USDT	+0.0100%	4h	0.1334	+0.204%	$465K	$672K	20x	as long as short
KuCoin OPGUSDTM	+0.0100%	4h	0.1334	+0.196%	$632K	$2.8M	20x	as long as short
Bitget OPGUSDT	+0.0100%	4h	0.1334	+0.204%	$849K	$2.7M	20x	as long as short
BingX OPG-USDT	+0.0100%	4h	0.1334	+0.204%	—	$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	0.1331	long leg	$275K	$294K	—
Extended OPG-USD	+0.0104%	1h	0.1334	+0.220%	$945	$212K	5x	as long as short
Coinbase International OPG-PERP-INTX	+0.2544%	1h	0.1348	+1.219%	$33K	$23K	50x	as long as short