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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 22:00 UTC−0.1228%/8h= −134.5% APRpaid last 24h −0.402%
Price spread now: Extended against Bybit−0.233%7-day average −0.572% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1751.752% of the position
Long on BybitShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days−0.365%−$37 on $10k
Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.233%, 7d avg −0.572%
Together, before fees−0.416%+ Points / potential airdropExtended: Active · farm board−$42 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.339% dearer against Bybit than usual: you sell high and buy low (spread −0.233% now, against its 7-day average of −0.572%): +$34 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.365% in total) that is about 6.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.365% in total (about -19.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ONGUSDT0.090440.0100pay 0.0050% / 4h2h 43m$2.5M$3.1M20x
ShortExtended ONG-USD0.09023−0.1128pay 0.0141% / 1h43m 22s$170K$18K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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
−$257.88
Price spread: −0.233% → −0.572%
$33.92
Slippage, 4 orders
−$159.17
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$399.13
Costs to cover
1.752%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Extended: live order book, 42 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 Bybit live order book, 4 min ago1.66 bp75.3 bp −$75doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 42 min ago0.61 bp17.9 bp −$18115.7 bp −$1,157doesn'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−0.3216%4h0.08984−0.663%$28K$99K20xas long as short
Extended ONG-USDshort−0.1128%1h0.09023−0.233%$170K$18K5x
Binance ONGUSDT−0.1127%4h0.09022−0.245%$6.7M$15.5M50xas long as short
MEXC ONG_USDT−0.1126%4h0.09024−0.221%$9.8M$384K20xas long as short
Bitget ONGUSDT−0.0888%4h0.09018−0.287%$1.4M$1.2M50xas long as short
Gate ONG_USDT−0.0654%4h0.09022−0.243%$369K$354K20xas long as short
Aster ONGUSDT−0.0621%1h0.09032−0.134%$76K$100K5xas long as short
Variational Omni ONG−0.0103%4h0.09035−0.099%$148K$45K—as long as short
Bybit ONGUSDTlong+0.0100%4h0.09044long leg$2.5M$3.1M20x
BingX ONG-USDT+0.0100%4h0.09028−0.177%—$1.3M—as long as short