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

ONG

all ONG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.241%
Price spread now: Bybit against BingX+0.184%7-day average +0.242% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$950.952% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.449%−$45 on $10k
Price spread, last 7 days−0.057%−$6 · spread now +0.184%, 7d avg +0.242%
Together, before fees−0.506%−$51 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: Bybit is 0.058% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.242%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ONG-USDT0.092510.0100pay 0.0050% / 4h34m 13s$1.4M
ShortBybit ONGUSDT0.092680.0100get 0.0050% / 4h34m 13s$2.6M$3.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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
$0
Price spread: +0.184% → +0.242%
−$5.82
Slippage, 4 orders
−$74.19
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$101.01
Costs to cover
0.952%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 3 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 BingX live order book, 11 min ago4.32 bp15.3 bp −$1533.4 bp −$334231.1 bp −$23.1K387.7 bp −$193.9K
Sell Bybit live order book, 3 min ago1.08 bp34.1 bp −$34363.3 bp −$3,633doesn'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−0.3595%4h0.09226−0.270%$29K$74K20xas long as short
Binance ONGUSDT−0.1122%4h0.09252+0.011%$6.9M$15.5M50xas long as short
MEXC ONG_USDT−0.1122%4h0.09252+0.011%$10.0M$377K20xas long as short
Extended ONG-USD−0.1120%1h0.09248−0.036%$174K$18K5xas long as short
Bitget ONGUSDT−0.0790%4h0.09243−0.086%$1.4M$1.2M50xas long as short
Aster ONGUSDT−0.0781%1h0.09258+0.076%$85K$104K5xas long as short
Gate ONG_USDT−0.0728%4h0.092510.000%$377K$338K20xas long as short
Bybit ONGUSDTshort+0.0100%4h0.09268+0.184%$2.6M$3.1M20x
BingX ONG-USDTlong+0.0100%4h0.09251long leg$1.4M
Variational Omni ONG+0.0100%4h0.09268+0.183%$152K$25Kas long as short