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

ONG

all ONG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0254%/8h= +27.8% APRnext payment +$1.27 per $10,000 · paid last 24h +0.152%
Price spread now: Gate against Binance+0.121%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1261.259% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.302%+$30 on $10k
Price spread, last 4 days (all we have)+0.113%+$11 · spread now +0.121%, 7d avg +0.182%
Together, before fees+0.415%+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.061% cheaper against Binance than usual: you would sell low and buy high (spread +0.121% now, against its 7-day average of +0.182%). If the spread goes back, that is −$6 on $10k: about 19 hours of funding at the current rate (+$8 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ONGUSDT0.09071−0.0154get 0.0077% / 4h3h 33m$6.5M$15.4M50x
ShortGate ONG_USDT0.090820.0100get 0.0050% / 4h3h 33m$357K$356K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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
$53.36
Price spread: +0.121% → +0.182%
−$6.06
Slippage, 4 orders
−$100.87
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$78.58
Costs to cover
1.259%
Break-even
17.3 days
Slippage from Binance: live order book, 7 min ago; Gate: live order book, 17 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 Binance live order book, 7 min ago0.55 bp16.2 bp −$1653.9 bp −$539doesn't fitdoesn't fit
Sell Gate live order book, 17 min ago7.09 bp50.9 bp −$51doesn't fitdoesn'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−0.1292%4h0.09022−0.540%$28K$35K20xas long as short
MEXC ONG_USDT−0.0158%4h0.09068−0.033%$9.9M$417K20xas long as short
Binance ONGUSDTlong−0.0154%4h0.09071long leg$6.5M$15.4M50x
Extended ONG-USD−0.0152%1h0.09068−0.030%$170K$20K5xas long as short
Variational Omni ONG−0.0079%4h0.09073+0.027%$132K$42Kas long as short
Aster ONGUSDT+0.0032%1h0.09079+0.088%$73K$56K5xas long as short
Bitget ONGUSDT+0.0068%4h0.090710.000%$1.4M$1.3M50xas long as short
Bybit ONGUSDT+0.0100%4h0.09075+0.044%$2.4M$2.9M20xas long as short
Gate ONG_USDTshort+0.0100%4h0.09082+0.121%$357K$356K20x
BingX ONG-USDT+0.0100%4h0.09076+0.055%$1.4Mas long as short