Settings8H · net · $10k
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Funding arb · Price arb /

ONG

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.98 per $10,000 · paid last 24h +0.020%
Price spread now: Gate against Bitget+0.110%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1561.564% of the position
Long on BitgetShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.111%+$11 on $10k
Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.110%, 7d avg +0.057%
Together, before fees+0.137%+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.053% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.057%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ONGUSDT0.09085−0.0666get 0.0333% / 4h1h 41m$1.4M$1.2M50x
ShortGate ONG_USDT0.09095−0.0470pay 0.0235% / 4h1h 41m$369K$351K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$41.16
Price spread: +0.110% → +0.057%
$5.35
Slippage, 4 orders
−$129.43
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$109.92
Costs to cover
1.564%
Break-even
25.7 days
Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 38 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, 5 min ago1.66 bp28.0 bp −$2879.7 bp −$797doesn't fitdoesn't fit
Sell Gate live order book, 38 min ago8.29 bp56.4 bp −$56doesn't fitdoesn'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−0.3267%4h0.09035−0.550%$28K$85K20xas long as short
Extended ONG-USD−0.1000%1h0.09087+0.018%$171K$18K5xas long as short
Binance ONGUSDT−0.0999%4h0.09088+0.035%$6.8M$15.4M50xas long as short
MEXC ONG_USDT−0.0998%4h0.09088+0.033%$9.9M$375K20xas long as short
Bitget ONGUSDTlong−0.0666%4h0.09085long leg$1.4M$1.2M50x
Aster ONGUSDT−0.0574%1h0.09086+0.006%$78K$100K5xas long as short
Gate ONG_USDTshort−0.0470%4h0.09095+0.110%$369K$351K20x
Bybit ONGUSDT+0.0100%4h0.09111+0.286%$2.5M$3.2M20xas long as short
BingX ONG-USDT+0.0100%4h0.09097+0.132%—$1.4M—as long as short
Variational Omni ONG+0.0100%4h0.09082−0.037%$149K$32K—as long as short