Funding you earn now, next payment 00:00 UTC−0.0746%/8h= −81.7% APRnext payment −$3.73 per $10,000 · paid last 24h −0.021%
Price spread now: Gate against BingX−0.011%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1501.500% of the position
Funding, last 7 days−0.305%−$30 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.011%, 7d avg +0.030%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Gate is 0.041% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.030%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.305% in total (about -15.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.73 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 | 0.09044 | 0.0100 | pay 0.0050% / 4h | 2h 17m | — | $1.3M | — |
| Short | Gate ONG_USDT | 0.09043 | −0.0646 | pay 0.0323% / 4h | 2h 17m | $367K | $360K | 20x |
BingX ONG-USDT
Gate ONG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$156.66
- Price spread: −0.011% → +0.030%
- −$4.14
- Slippage, 4 orders
- −$125.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$310.82
- Costs to cover
- 1.500%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Gate: 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 BingX live order book, 9 min ago | 4.40 bp | 19.4 bp −$19 | 42.2 bp −$422 | 317.8 bp −$31.8K | 471.9 bp −$235.9K |
| Sell Gate live order book, 3 min ago | 8.29 bp | 56.4 bp −$56 | doesn't fit | 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 | −0.3014% | 4h | 0.09021 | −0.254% | $28K | $94K | 20x | as long as short |
| MEXC ONG_USDT | −0.1022% | 4h | 0.09037 | −0.077% | $9.8M | $386K | 20x | as long as short |
| Extended ONG-USD | −0.1016% | 1h | 0.09033 | −0.126% | $171K | $18K | 5x | as long as short |
| Binance ONGUSDT | −0.1013% | 4h | 0.09036 | −0.083% | $6.7M | $15.6M | 50x | as long as short |
| Bitget ONGUSDT | −0.0724% | 4h | 0.09039 | −0.055% | $1.4M | $1.2M | 50x | as long as short |
| Gate ONG_USDTshort | −0.0646% | 4h | 0.09043 | −0.011% | $367K | $360K | 20x | |
| Aster ONGUSDT | −0.0521% | 1h | 0.09044 | 0.000% | $76K | $100K | 5x | as long as short |
| Bybit ONGUSDT | +0.0100% | 4h | 0.09050 | +0.066% | $2.5M | $3.2M | 20x | as long as short |
| BingX ONG-USDTlong | +0.0100% | 4h | 0.09044 | long leg | — | $1.3M | — | |
| Variational Omni ONG | +0.0100% | 4h | 0.09067 | +0.254% | $149K | $40K | — | as long as short |
HTX ONG-USDT
MEXC ONG_USDT
Extended ONG-USD
Binance ONGUSDT
Bitget ONGUSDT
Aster ONGUSDT
Bybit ONGUSDT
Variational Omni ONG