Settings8H · net · $10k
Funding arb · Price arb /

ONG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.054%
Price spread now: Bitget against Aster−0.039%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$860.860% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.262%+$26 on $10k
Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.039%, 7d avg +0.043%
Together, before fees+0.488%+ Points / potential airdropAster: Stage 5 · farm board+$49 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: Bitget is 0.082% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ONGUSDT0.09165−0.0801get 0.0100% / 1h2m 40s$80K$101K5x
ShortBitget ONGUSDT0.09161−0.0798pay 0.0399% / 4h1h 02m$1.4M$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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

Funding earned
$0.62
Price spread: −0.039% → +0.043%
−$8.21
Slippage, 4 orders
−$66
Fee Aster: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$93.59
Costs to cover
0.860%
Break-even
1061.0 days
Slippage from Aster: live order book, 13 min ago; Bitget: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 13 min ago3.83 bp13.6 bp −$14387.9 bp −$3,879doesn't fitdoesn't fit
Sell Bitget live order book, 9 min ago4.92 bp21.7 bp −$2290.0 bp −$900doesn't fitdoesn't fit

ONG on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ONG-USDT−0.3511%4h0.09124−0.443%$29K$76K20xas long as short
Binance ONGUSDT−0.1096%4h0.09162−0.033%$6.9M$15.3M50xas long as short
Extended ONG-USD−0.1088%1h0.09161−0.037%$173K$18K5xas long as short
MEXC ONG_USDT−0.1088%4h0.09161−0.039%$10.0M$380K20xas long as short
Aster ONGUSDTlong−0.0801%1h0.09165long leg$80K$101K5x
Bitget ONGUSDTshort−0.0798%4h0.09161−0.039%$1.4M$1.2M50x
Gate ONG_USDT−0.0710%4h0.09164−0.006%$373K$357K20xas long as short
Bybit ONGUSDT+0.0100%4h0.09180+0.168%$2.5M$3.1M20xas long as short
BingX ONG-USDT+0.0100%4h0.09171+0.070%$1.4Mas long as short
Variational Omni ONG+0.0100%4h0.09175+0.111%$150K$26Kas long as short