ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0908%/8h= +99.4% APRnext payment +$4.54 per $10,000 · paid last 24h +0.282%

Price spread now: Bybit against Bitget+0.153%7-day average +0.267% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1151.145% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.153%, 7d avg +0.267%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.114% cheaper against Bitget than usual: you would sell low and buy high (spread +0.153% now, against its 7-day average of +0.267%). If the spread goes back, that is −$11 on $10k: about 10 hours of funding at the current rate (+$27 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.54 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	Bitget ONGUSDT	0.09172	−0.0808	get 0.0404% / 4h	1h 01m	$1.4M	$1.2M	50x
Short	Bybit ONGUSDT	0.09186	0.0100	get 0.0050% / 4h	1h 01m	$2.5M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersPrice spread, now +0.153%Rate

Funding earned: $190.68
Price spread: +0.153% → +0.267%: −$11.43
Slippage, 4 orders: −$91.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $64.7
Costs to cover: 1.145%
Break-even: 4.6 days

Slippage from Bitget: live order book, 10 min ago; Bybit: live order book, 1 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 Bitget live order book, 10 min ago	4.92 bp	21.8 bp −$22	86.5 bp −$865	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.09 bp	33.4 bp −$33	401.1 bp −$4,011	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	−0.3521%	4h	0.09132	−0.436%	$29K	$76K	20x	as long as short
Binance ONGUSDT	−0.1096%	4h	0.09164	−0.087%	$6.9M	$15.3M	50x	as long as short
Extended ONG-USD	−0.1096%	1h	0.09161	−0.119%	$173K	$18K	5x	as long as short
MEXC ONG_USDT	−0.1096%	4h	0.09165	−0.076%	$10.0M	$380K	20x	as long as short
Aster ONGUSDT	−0.0832%	1h	0.09170	−0.021%	$80K	$101K	5x	as long as short
Bitget ONGUSDTlong	−0.0808%	4h	0.09172	long leg	$1.4M	$1.2M	50x
Gate ONG_USDT	−0.0716%	4h	0.09168	−0.044%	$373K	$358K	20x	as long as short
Bybit ONGUSDTshort	+0.0100%	4h	0.09186	+0.153%	$2.5M	$3.1M	20x
BingX ONG-USDT	+0.0100%	4h	0.09176	+0.044%	—	$1.4M	—	as long as short
Variational Omni ONG	+0.0100%	4h	0.09175	+0.030%	$150K	$26K	—	as long as short