ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0204%/8h= −22.3% APRnext payment −$1.02 per $10,000 · paid last 24h −0.111%

Price spread now: MEXC against Bitget+0.011%7-day average −0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$590.589% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 7 days−0.128%−$13 · spread now +0.011%, 7d avg −0.090%

Together, before fees−0.355%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.101% dearer against Bitget than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.090%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONGUSDT	0.09357	−0.0418	get 0.0209% / 4h	1h 16m	$1.4M	$1.1M	50x
Short	MEXC ONG_USDT	0.09358	−0.0622	pay 0.0311% / 4h	1h 16m	$10.2M	$390K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$42.84
Price spread: +0.011% → −0.090%: $10.05
Slippage, 4 orders: −$42.88
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$91.67
Costs to cover: 0.589%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 2 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, 5 min ago	2.68 bp	26.6 bp −$27	95.4 bp −$954	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.61 bp	8.4 bp −$8	56.1 bp −$561	188.5 bp −$18.9K	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	−0.2127%	4h	0.09311	−0.492%	$29K	$34K	20x	as long as short
Extended ONG-USD	−0.0624%	1h	0.09346	−0.113%	$177K	$18K	5x	as long as short
MEXC ONG_USDTshort	−0.0622%	4h	0.09358	+0.011%	$10.2M	$390K	20x
Binance ONGUSDT	−0.0621%	4h	0.09359	+0.020%	$6.8M	$15.1M	50x	as long as short
Gate ONG_USDT	−0.0560%	4h	0.09367	+0.107%	$378K	$359K	20x	as long as short
Bybit ONGUSDT	−0.0510%	4h	0.09370	+0.139%	$2.6M	$2.8M	20x	as long as short
Variational Omni ONG	−0.0478%	4h	0.09328	−0.312%	$154K	$24K	—	as long as short
Bitget ONGUSDTlong	−0.0418%	4h	0.09357	long leg	$1.4M	$1.1M	50x
BingX ONG-USDT	−0.0302%	4h	0.09367	+0.107%	—	$1.4M	—	as long as short
Aster ONGUSDT	−0.0205%	1h	0.09351	−0.069%	$83K	$65K	5x	as long as short