Funding you earn now, next payment 00:00 UTC+0.1083%/8h= +118.5% APRnext payment +$5.41 per $10,000 · paid last 24h +0.355%
Price spread now: Bybit against Binance+0.122%7-day average +0.367% · you sell dearer than you buy
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$218as in the Price arb table
costs, in and out, $10k−$1941.936% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now +0.122%, 7d avg +0.367%
=Funding pays, the price is against you. Bybit is 0.246% cheaper against Binance than usual: you would sell low and buy high (spread +0.122% now, against its 7-day average of +0.367%). If the spread goes back, that is −$25 on $10k: about 18 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.149% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ONGUSDT | 0.09051 | −0.0983 | get 0.0491% / 4h | 1h 55m | $6.8M | $15.4M | 50x |
| Short | Bybit ONGUSDT | 0.09062 | 0.0100 | get 0.0050% / 4h | 1h 55m | $2.5M | $3.2M | 20x |
Binance ONGUSDT
Bybit ONGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $227.33
- Price spread: +0.122% → +0.367%
- −$24.56
- Slippage, 4 orders
- −$172.64
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $9.13
- Costs to cover
- 1.936%
- Break-even
- 6.7 days
Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 2 min ago.
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 Binance live order book, 15 min ago | 1.66 bp | 12.6 bp −$13 | 36.0 bp −$360 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.21 bp | 68.0 bp −$68 | 386.0 bp −$3,860 | doesn't fit | doesn't fit |
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 | −0.3118% | 4h | 0.09017 | −0.376% | $28K | $89K | 20x | as long as short |
| Extended ONG-USD | −0.0984% | 1h | 0.09045 | −0.070% | $171K | $18K | 5x | as long as short |
| Binance ONGUSDTlong | −0.0983% | 4h | 0.09051 | long leg | $6.8M | $15.4M | 50x | |
| MEXC ONG_USDT | −0.0982% | 4h | 0.09051 | 0.000% | $9.8M | $375K | 20x | as long as short |
| Bitget ONGUSDT | −0.0614% | 4h | 0.09045 | −0.066% | $1.4M | $1.2M | 50x | as long as short |
| Aster ONGUSDT | −0.0498% | 1h | 0.09048 | −0.031% | $77K | $100K | 5x | as long as short |
| Gate ONG_USDT | −0.0488% | 4h | 0.09061 | +0.111% | $368K | $351K | 20x | as long as short |
| Bybit ONGUSDTshort | +0.0100% | 4h | 0.09062 | +0.122% | $2.5M | $3.2M | 20x | |
| BingX ONG-USDT | +0.0100% | 4h | 0.09061 | +0.111% | — | $1.4M | — | as long as short |
| Variational Omni ONG | +0.0100% | 4h | 0.09065 | +0.152% | $149K | $40K | — | as long as short |
HTX ONG-USDT
Extended ONG-USD
MEXC ONG_USDT
Bitget ONGUSDT
Aster ONGUSDT
Gate ONG_USDT
BingX ONG-USDT
Variational Omni ONG