Funding you earn now, next payment 00:00 UTC−0.1252%/8h= −137.1% APRnext payment −$6.26 per $10,000 · paid last 24h −0.112%
Price spread now: MEXC against BingX−0.011%7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days−0.620%−$62 on $10k
+Price spread, last 7 days−0.089%−$9 · spread now −0.011%, 7d avg −0.117%
=The price spread pays, funding is against you. MEXC is 0.106% dearer against BingX than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.117%): +$11 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.620% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.620% in total (about -32.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.26 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 | 0.09190 | 0.0100 | pay 0.0050% / 4h | 3m 22s | — | $1.4M | — |
| Short | MEXC ONG_USDT | 0.09189 | −0.1152 | pay 0.0576% / 4h | 3m 22s | $10.0M | $379K | 20x |
BingX ONG-USDT
MEXC ONG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$262.92
- Price spread: −0.011% → −0.117%
- $10.64
- Slippage, 4 orders
- −$26.95
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$293.23
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; MEXC: live order book, 5 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, 3 min ago | 2.73 bp | 14.9 bp −$15 | 39.5 bp −$395 | 268.4 bp −$26.8K | 479.8 bp −$239.9K |
| Sell MEXC live order book, 5 min ago | 0.55 bp | 8.2 bp −$8 | 35.8 bp −$358 | 179.8 bp −$18.0K | 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 | −0.3448% | 4h | 0.09172 | −0.196% | $29K | $68K | 20x | as long as short |
| Binance ONGUSDT | −0.1154% | 4h | 0.09185 | −0.056% | $6.9M | $15.5M | 50x | as long as short |
| Extended ONG-USD | −0.1152% | 1h | 0.09183 | −0.076% | $174K | $18K | 5x | as long as short |
| MEXC ONG_USDTshort | −0.1152% | 4h | 0.09189 | −0.011% | $10.0M | $379K | 20x | |
| Gate ONG_USDT | −0.0864% | 4h | 0.09185 | −0.054% | $374K | $348K | 20x | as long as short |
| Aster ONGUSDT | −0.0853% | 1h | 0.09202 | +0.128% | $83K | $100K | 5x | as long as short |
| Bitget ONGUSDT | −0.0802% | 4h | 0.09184 | −0.065% | $1.4M | $1.2M | 50x | as long as short |
| Variational Omni ONG | +0.0075% | 4h | 0.09177 | −0.144% | $152K | $25K | — | as long as short |
| Bybit ONGUSDT | +0.0100% | 4h | 0.09210 | +0.218% | $2.6M | $3.1M | 20x | as long as short |
| BingX ONG-USDTlong | +0.0100% | 4h | 0.09190 | long leg | — | $1.4M | — |
HTX ONG-USDT
Binance ONGUSDT
Extended ONG-USD
Gate ONG_USDT
Aster ONGUSDT
Bitget ONGUSDT
Variational Omni ONG
Bybit ONGUSDT