Funding you earn now, next payment 00:00 UTC−0.1081%/8h= −118.4% APRnext payment −$5.41 per $10,000 · paid last 24h −0.355%
Price spread now: Binance against Bybit−0.250%7-day average −0.367% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1931.929% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 7 days+0.035%+$3 · spread now −0.250%, 7d avg −0.367%
=The price spread pays, funding is against you. Binance is 0.117% dearer against Bybit than usual: you sell high and buy low (spread −0.250% now, against its 7-day average of −0.367%): +$12 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.149% in total) that is about 5.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.41 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 | Bybit ONGUSDT | 0.09067 | 0.0100 | pay 0.0050% / 4h | 1h 53m | $2.5M | $3.2M | 20x |
| Short | Binance ONGUSDT | 0.09044 | −0.0981 | pay 0.0491% / 4h | 1h 53m | $6.7M | $15.4M | 50x |
Bybit ONGUSDT
Binance ONGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$227.1
- Price spread: −0.250% → −0.367%
- $11.75
- Slippage, 4 orders
- −$171.87
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$408.22
- Costs to cover
- 1.929%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: 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 Bybit live order book, 3 min ago | 2.21 bp | 93.7 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.55 bp | 16.2 bp −$16 | 41.9 bp −$419 | 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 | −0.3131% | 4h | 0.09017 | −0.551% | $28K | $89K | 20x | as long as short |
| Extended ONG-USD | −0.0984% | 1h | 0.09042 | −0.281% | $171K | $18K | 5x | as long as short |
| MEXC ONG_USDT | −0.0982% | 4h | 0.09045 | −0.243% | $9.8M | $375K | 20x | as long as short |
| Binance ONGUSDTshort | −0.0981% | 4h | 0.09044 | −0.250% | $6.7M | $15.4M | 50x | |
| Bitget ONGUSDT | −0.0612% | 4h | 0.09046 | −0.232% | $1.4M | $1.2M | 50x | as long as short |
| Aster ONGUSDT | −0.0508% | 1h | 0.09051 | −0.175% | $77K | $100K | 5x | as long as short |
| Gate ONG_USDT | −0.0472% | 4h | 0.09059 | −0.088% | $367K | $351K | 20x | as long as short |
| Bybit ONGUSDTlong | +0.0100% | 4h | 0.09067 | long leg | $2.5M | $3.2M | 20x | |
| BingX ONG-USDT | +0.0100% | 4h | 0.09051 | −0.176% | — | $1.4M | — | as long as short |
| Variational Omni ONG | +0.0100% | 4h | 0.09065 | −0.025% | $149K | $40K | — | as long as short |
HTX ONG-USDT
Extended ONG-USD
MEXC ONG_USDT
Bitget ONGUSDT
Aster ONGUSDT
Gate ONG_USDT
BingX ONG-USDT
Variational Omni ONG