Funding arb · Price arb /

ONG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h +0.351%

Price spread now: Bybit against Aster+0.017%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.236%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONGUSDT	0.09187	−0.0193	get 0.0024% / 1h	56m 10s	$82K	$64K	5x
Short	Bybit ONGUSDT	0.09189	−0.0330	pay 0.0165% / 4h	56m 10s	$2.5M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee AsterbpFee BybitbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$28.85
Price spread: +0.017% → 0.000%: $1.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.1
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 1 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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	2.73 bp	41.3 bp −$41	325.3 bp −$3,253	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ONG on 10 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
HTX ONG-USDT	−0.2033%	4h	0.09137	−0.549%	$28K	$34K	20x	as long as short
Binance ONGUSDT	−0.0500%	4h	0.09180	−0.081%	$6.6M	$15.3M	50x	as long as short
MEXC ONG_USDT	−0.0498%	4h	0.09182	−0.059%	$10.0M	$390K	20x	as long as short
Extended ONG-USD	−0.0496%	1h	0.09177	−0.111%	$174K	$18K	5x	as long as short
Gate ONG_USDT	−0.0464%	4h	0.09187	−0.004%	$362K	$353K	20x	as long as short
Variational Omni ONG	−0.0375%	4h	0.09213	+0.274%	$152K	$24K	—	as long as short
Bybit ONGUSDTshort	−0.0330%	4h	0.09189	+0.017%	$2.5M	$2.8M	20x
Bitget ONGUSDT	−0.0284%	4h	0.09183	−0.048%	$1.4M	$1.2M	50x	as long as short
BingX ONG-USDT	−0.0212%	4h	0.09187	−0.004%	—	$1.4M	—	as long as short
Aster ONGUSDTlong	−0.0193%	1h	0.09187	long leg	$82K	$64K	5x