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Funding arb · Price arb /

ONG

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0396%/8h= −43.4% APRpaid last 24h −0.426%
Price spread now: Extended against Bitget+0.006%7-day average −0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$910.914% of the position
Long on BitgetShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days−0.385%−$38 on $10k
Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.006%, 7d avg −0.153%
Together, before fees−0.478%+ Points / potential airdropExtended: Active · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.159% dearer against Bitget than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.153%): +$16 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 7 days (−0.385% in total) that is about 2.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ONGUSDT0.09150−0.0732get 0.0366% / 4h3h 20m$1.4M$1.1M50x
ShortExtended ONG-USD0.09151−0.1128pay 0.0141% / 1h20m 12s$173K$18K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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

Funding earned
−$83.16
Price spread: +0.006% → −0.153%
$15.88
Slippage, 4 orders
−$74.36
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$158.64
Costs to cover
0.914%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Extended: live order book, 51 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 Bitget live order book, 1 min ago3.29 bp26.0 bp −$2696.8 bp −$968doesn't fitdoesn't fit
Sell Extended live order book, 51 min ago0.60 bp20.5 bp −$20133.7 bp −$1,337doesn'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−0.3532%4h0.09102−0.525%$28K$55K20xas long as short
MEXC ONG_USDT−0.1138%4h0.09148−0.022%$10.0M$396K20xas long as short
Binance ONGUSDT−0.1129%4h0.09147−0.029%$6.7M$14.9M50xas long as short
Extended ONG-USDshort−0.1128%1h0.09151+0.006%$173K$18K5x
Aster ONGUSDT−0.1030%1h0.09148−0.022%$82K$82K5xas long as short
Gate ONG_USDT−0.0988%4h0.09154+0.044%$375K$341K20xas long as short
Bitget ONGUSDTlong−0.0732%4h0.09150long leg$1.4M$1.1M50x
BingX ONG-USDT−0.0180%4h0.09147−0.033%—$1.4M—as long as short
Variational Omni ONG−0.0040%4h0.09146−0.044%$151K$25K—as long as short
Bybit ONGUSDT−0.0016%4h0.09160+0.109%$2.6M$2.9M20xas long as short