Funding you earn now, next payment 00:00 UTC−0.1215%/8h= −133.0% APRnext payment −$6.07 per $10,000 · paid last 24h −0.115%
Price spread now: Binance against BingX−0.087%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$620.617% of the position
Funding, last 7 days−0.598%−$60 on $10k
+Price spread, last 7 days−0.026%−$3 · spread now −0.087%, 7d avg −0.123%
=The price spread pays, funding is against you. Binance is 0.036% dearer against BingX than usual: you sell high and buy low (spread −0.087% now, against its 7-day average of −0.123%): +$4 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.598% in total) that is about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.598% in total (about -31.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.07 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 | BingX ONG-USDT | 0.09177 | 0.0100 | pay 0.0050% / 4h | 58m 33s | — | $1.4M | — |
| Short | Binance ONGUSDT | 0.09169 | −0.1115 | pay 0.0557% / 4h | 58m 33s | $6.9M | $15.3M | 50x |
BingX ONG-USDT
Binance ONGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- −$255.1
- Price spread: −0.087% → −0.123%
- $3.57
- Slippage, 4 orders
- −$41.75
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$313.27
- Costs to cover
- 0.617%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; Binance: live order book, 12 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 BingX live order book, 12 min ago | 4.37 bp | 15.9 bp −$16 | 37.1 bp −$371 | 287.0 bp −$28.7K | 412.6 bp −$206.3K |
| Sell Binance live order book, 12 min ago | 0.55 bp | 13.8 bp −$14 | 36.7 bp −$367 | 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 | −0.3532% | 4h | 0.09139 | −0.414% | $29K | $76K | 20x | as long as short |
| Binance ONGUSDTshort | −0.1115% | 4h | 0.09169 | −0.087% | $6.9M | $15.3M | 50x | |
| MEXC ONG_USDT | −0.1106% | 4h | 0.09168 | −0.098% | $10.0M | $370K | 20x | as long as short |
| Extended ONG-USD | −0.1104% | 1h | 0.09164 | −0.147% | $173K | $18K | 5x | as long as short |
| Aster ONGUSDT | −0.0851% | 1h | 0.09175 | −0.022% | $80K | $101K | 5x | as long as short |
| Bitget ONGUSDT | −0.0832% | 4h | 0.09170 | −0.076% | $1.4M | $1.2M | 50x | as long as short |
| Gate ONG_USDT | −0.0752% | 4h | 0.09168 | −0.098% | $373K | $335K | 20x | as long as short |
| Bybit ONGUSDT | +0.0100% | 4h | 0.09187 | +0.109% | $2.5M | $3.1M | 20x | as long as short |
| BingX ONG-USDTlong | +0.0100% | 4h | 0.09177 | long leg | — | $1.4M | — | |
| Variational Omni ONG | +0.0100% | 4h | 0.09180 | +0.036% | $151K | $26K | — | as long as short |
HTX ONG-USDT
MEXC ONG_USDT
Extended ONG-USD
Aster ONGUSDT
Bitget ONGUSDT
Gate ONG_USDT
Bybit ONGUSDT
Variational Omni ONG