ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.004%

Price spread now: MEXC against Binance+0.031%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.031%, 7d avg +0.005%

Together, before fees−0.043%−$4 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: MEXC is 0.026% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONGUSDT	0.09066	−0.1000	get 0.0500% / 4h	2h 50m	$6.6M	$15.0M	50x
Short	MEXC ONG_USDT	0.09069	−0.1002	pay 0.0501% / 4h	2h 50m	$9.9M	$373K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee BinancebpFee MEXCbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$0.34
Price spread: +0.031% → +0.005%: $2.64
Slippage, 4 orders: −$37.14
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$48.84
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; MEXC: live order book, 3 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, 5 min ago	0.55 bp	16.7 bp −$17	47.7 bp −$477	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.55 bp	7.3 bp −$7	55.3 bp −$553	218.7 bp −$21.9K	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	−0.2345%	4h	0.09050	−0.178%	$28K	$52K	20x	as long as short
MEXC ONG_USDTshort	−0.1002%	4h	0.09069	+0.031%	$9.9M	$373K	20x
Binance ONGUSDTlong	−0.1000%	4h	0.09066	long leg	$6.6M	$15.0M	50x
Extended ONG-USD	−0.1000%	1h	0.09064	−0.028%	$172K	$18K	5x	as long as short
Gate ONG_USDT	−0.0990%	4h	0.09074	+0.086%	$367K	$342K	20x	as long as short
Aster ONGUSDT	−0.0666%	1h	0.09090	+0.266%	$81K	$74K	5x	as long as short
Bitget ONGUSDT	−0.0586%	4h	0.09072	+0.064%	$1.4M	$1.1M	50x	as long as short
Variational Omni ONG	−0.0094%	4h	0.09073	+0.076%	$150K	$24K	—	as long as short
Bybit ONGUSDT	−0.0039%	4h	0.09074	+0.086%	$2.5M	$2.9M	20x	as long as short
BingX ONG-USDT	+0.0100%	4h	0.09075	+0.097%	—	$1.4M	—	as long as short