ONG

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0828%/8h= −90.7% APRnext payment −$4.14 per $10,000 · paid last 24h −0.262%

Price spread now: Gate against Bybit−0.183%7-day average −0.354% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1631.629% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.183%, 7d avg −0.354%

Together, before fees+0.341%+$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.171% dearer against Bybit than usual: you sell high and buy low (spread −0.183% now, against its 7-day average of −0.354%): +$17 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.145%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.14 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	0.09268	0.0100	pay 0.0050% / 4h	34m 09s	$2.6M	$3.1M	20x
Short	Gate ONG_USDT	0.09251	−0.0728	pay 0.0364% / 4h	34m 09s	$377K	$338K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BybitbpFee GatebpOrdersPrice spread, now −0.183%Rate

Funding earned: −$173.88
Price spread: −0.183% → −0.354%: $17.1
Slippage, 4 orders: −$136.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$319.72
Costs to cover: 1.629%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 41 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	1.08 bp	29.9 bp −$30	666.3 bp −$6,663	doesn't fit	doesn't fit
Sell Gate live order book, 41 min ago	9.30 bp	49.7 bp −$50	doesn't fit	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	−0.3595%	4h	0.09226	−0.453%	$29K	$74K	20x	as long as short
Binance ONGUSDT	−0.1122%	4h	0.09252	−0.173%	$6.9M	$15.5M	50x	as long as short
MEXC ONG_USDT	−0.1122%	4h	0.09252	−0.173%	$10.0M	$377K	20x	as long as short
Extended ONG-USD	−0.1120%	1h	0.09248	−0.219%	$174K	$18K	5x	as long as short
Bitget ONGUSDT	−0.0790%	4h	0.09243	−0.270%	$1.4M	$1.2M	50x	as long as short
Aster ONGUSDT	−0.0781%	1h	0.09258	−0.108%	$85K	$104K	5x	as long as short
Gate ONG_USDTshort	−0.0728%	4h	0.09251	−0.183%	$377K	$338K	20x
Bybit ONGUSDTlong	+0.0100%	4h	0.09268	long leg	$2.6M	$3.1M	20x
BingX ONG-USDT	+0.0100%	4h	0.09251	−0.183%	—	$1.4M	—	as long as short
Variational Omni ONG	+0.0100%	4h	0.09268	−0.001%	$152K	$25K	—	as long as short