OPG arbitrage explained
Right now OpenGradient (OPG) trades on 9 venues we scan: 9 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.1346 and the highest bid on Aster perp at $0.1349.
The widest OPG perpetual spread is between KuCoin and Aster: long OPG on KuCoin at $0.1347 and short on Aster at $0.1349 for +0.16% gross, or -0.00% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.169% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best OPG route is to buy spot on Gate and short the perpetual on Aster: +0.24% gross, +0.04% net, with +0.199% a day of funding on the short leg.
Spot–spot OPG arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.09% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small OPG gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: OPG funding rates · OPG spread charts · OpenGradient price · arbitrage scanner for all coins.