Funding arb · Price arb /

ONG

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Swap Backtest

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 +0.248%

Price spread now: Variational Omni against BingX+0.025%7-day average +0.451% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.923%−$92 on $10k

Price spread, last 3 days (all we have)+0.207%+$21 · spread now +0.025%, 7d avg +0.451%

Together, before fees−0.716%+ Points / potential airdropVariational Omni: Active · farm board−$72 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: Variational Omni is 0.426% cheaper against BingX than usual: you would sell low and buy high, −$43 on $10k if it goes back to its 7-day average of +0.451%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONG-USDT	0.09178	0.0100	pay 0.0050% / 4h	59m 43s	—	$1.4M	—
Short	Variational Omni ONG	0.09180	0.0100	get 0.0050% / 4h	59m 43s	$151K	$26K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → +0.451%: −$42.65
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$52.65
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 11 min ago; Variational Omni: RFQ quote, 19 min ago. Net counts fees only.

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, 11 min ago	4.37 bp	15.9 bp −$16	37.1 bp −$371	287.0 bp −$28.7K	412.6 bp −$206.3K
Sell Variational Omni RFQ quote, 19 min ago	6.03 bp	doesn't fit	253.8 bp −$2,538	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	−0.3526%	4h	0.09132	−0.501%	$29K	$76K	20x	as long as short
Extended ONG-USD	−0.1104%	1h	0.09164	−0.148%	$173K	$18K	5x	as long as short
Binance ONGUSDT	−0.1101%	4h	0.09166	−0.131%	$6.9M	$15.4M	50x	as long as short
MEXC ONG_USDT	−0.1096%	4h	0.09167	−0.120%	$10.0M	$380K	20x	as long as short
Aster ONGUSDT	−0.0842%	1h	0.09173	−0.050%	$80K	$101K	5x	as long as short
Bitget ONGUSDT	−0.0818%	4h	0.09170	−0.087%	$1.4M	$1.2M	50x	as long as short
Gate ONG_USDT	−0.0724%	4h	0.09166	−0.131%	$373K	$358K	20x	as long as short
Bybit ONGUSDT	+0.0100%	4h	0.09192	+0.153%	$2.5M	$3.1M	20x	as long as short
BingX ONG-USDTlong	+0.0100%	4h	0.09178	long leg	—	$1.4M	—
Variational Omni ONGshort	+0.0100%	4h	0.09180	+0.025%	$151K	$26K	—